/biz/ - Business & Finance

>>25608113
Look at this seething butthurt faggot who has fudded Cardano on biz on a daily basis all the way from $0.07 to $0.33 and eventually $3+

And what point are you going to rope OP.
Your tears are my joy.

>BUT CHARLES IS HARDCAPPING VALIDATORS STAKE AMOUNT!!!

This right here should be enough to convince you that the concept of PoS is broken. These consensus mechanisms are SUPPOSED to create a natural incentive environment where a single entity can't have too large a portion of the validation power. Hard-caps on PoS validation stake is as retarded as if Bitcoin put a hard-cap on the amount of ASICs a miner was allowed to own. You don't think that people are going to be able to set up multiple of these validators in such a way that the profits don't all go to them?

>BUT YOU COULD DO VALIDATOR VERIFICATION

Congratuations you now have a permissioned blockchain, may I interest you in some Libra? The other thing about PoS is that if a single entity WAS able to acquire 51% of the network, we almost certainly would never know about it. What would look like a perfectly decentralized network could have 75% ownership by one Chink if you traced the key-ownership, which of course you couldn't, even if you TRIED to make it permissioned. You think trusted-setup paranoia was bad? Wait till we are a few years into ADA and people start realizing that for years the market cap of ADA was EASILY in the range of what a nation state or Rothschild could have stealthily acquired 51% of it via proxies. Proof of Work if someone has a significant portion of the hashrate of the network, you're going know about it and you're going to know who that entity is, where they are, and how much hashrate they have because the stake they have is a large noisy wasteful pile of computers that go obsolete every 12 months, and you didn't even need to KYC them. Like how we know that 65% of Bitcoin's Hashrate is in China! Isn't that nice to know!

>BUT YOU SAID PROOF OF STAKE WAS MORE CENTRALIZED

Yes, it is. Pareto distributions and the Matthew Principal are the universal constant, power begets more power, money begets more money, hashrate begets more hashrate. The point of Proof of Work in regards to decentralization is that it makes validation share acquistion for the purposes of dishonest activity MAXIMALLY costly, and validation share acquisition for the purposes of honest activity MAXIMALLY profitable.

>ok but MUH TRANSACTION FEES! MUH SCALABILTIY.

Layer 2. Lightning Network, Plasma, Optimistic Rollups, Stateless Validation, ZK-SNARKS. If you haven't heard of them by now look them up because they are the future. This is why LRC and OMG are mooning right now. Some deluded basedtards think that ADA is the solution to the "blockchain trilemma" (pick two: Security, Decentralization, Scalability) all without requiring a Layer 2.

Get this through your fat heads:

Layer 1 PoW DESTROYS Layer 1 PoS on Security and Decentralization
Layer 2s for PoW can be just as if not more scalable than any Layer 1 PoS chain.

Layer 1 PoW + any number of Layer 2s IS the solution. It's what Satoshi wanted, it's what Vitalik wants, and it's what we are going to get once this PoS crashes and burns.

That being said I still hold some ADA because it IS certainly going to moon.

>>25608113
>>25608262
>>25608328
Keep it coming OP I'm laughing so fucking loud right now my neighbours are probably going to call the police. This is seriously funny as fuck. Ive had to screen cap your posts and I'm going to frame them on my wall. Seriously your jealousy and seething is making my dick so hard.

>>25608444
It’s the only PoS I have and I probably have more than you. I’m just trying to give an early word of caution to brainlets.