Compact fusion reactors exist and are functional… and they chose griftcoin junk tech.
Opinions about unknowable consensus mechanisms aside, I have serious doubts about PoS given there's no clear associated PoW presented alongside the staking. But what do I know? I have grey hairs.
I still like Bitcoin and Lightning because the PoW and PoS work with each other to deliver similar functional properties. This is a personal opinion based on reading and trying to imagine how the Yapese managed their stashes of huge coins.
Fun fact: One particularly large coin dropped off an outrigger on the way back from being mined and instead of taking it out of circulation, a few of the consensus makers went out and dove on it to confirm it was indeed sitting on the bottom of the ocean floor.
I've set intent to go dive it and see it for myself.
What does this mean? A cursory Googling isn't shedding light on this metaphor for me.
- It's slashing mechanism creates 'economic finality'. Any validator participating in a reorg beyond that ~12 minute economic finality window would find themselves slashed and forced exited from the validator set.
- Lengthy entrance and exit queues mean that the validator set can't be shifted faster then the community can adapt should an attacker try manipulate the network.
- Multiple independent client teams have implemented a publicly agreed upon specification (there are 6 known at the moment). This keeps insider developers from sneaking in adverse changes without causing a huge hullabaloo.
Getting all this right is why it's taken so long to roll out.
Or maybe, just maybe, the author holds a not insignificant amount of Bitcoin and is working overtime to dismiss criticism.
> Or maybe, just maybe, the author holds a not insignificant amount of Bitcoin and is working overtime to dismiss criticism.
No shit Sherlock. This is a ridiculous point to make to try to dismiss someone's argument. If you believe something is a good investment, then of course you're going to own a lot of it and promote your reasoning to think it's good and alternatives are bad. Literally everyone one the planet does that and you're deluding yourself if you think anyone who has put in enough time and effort to understand the complexity of things is going to be bias free.
I also don't think there is a cryptocurrency network that is widely used that has operated without network halts, downtime or congestion so I do not expect any network to have such a 'smooth' transition either.
Functional as in works as intended? Maybe but certainly not functional as in "Useful as powerplants"