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0 pointsdathinab4y ago0 comments

Which can (likely will) make you lose all the stacked money.

0 comments

The article addresses that in the section starting:

>>Therefore, once they have withdrawn their deposits, they are untouchable. This is the “nothing at stake” problem. There will inevitably come a point when a node is free to liquidate their entire stake and cash out.

And later concludes that, In order to know which is the valid staking, you have to already have a decentralized mechanism for ordering transactions, which was the problem to begin with.

dathinabOP4y ago

But that's also true for PoW as you can use hardware which after an attack you can use for other things.

SilasX4y ago

But you have to do new work (and a lot of it, requiring energy and time), compared to the trivial cost of generating another signature as in PoS.

randomNumber74y ago

You cant reuse the electricity you have already burned...

j / k navigate · click thread line to collapse

0 comments

SilasX4y ago

The article addresses that in the section starting:

And later concludes that, In order to know which is the valid staking, you have to already have a decentralized mechanism for ordering transactions, which was the problem to begin with.

dathinabOP4y ago

But that's also true for PoW as you can use hardware which after an attack you can use for other things.

SilasX4y ago

But you have to do new work (and a lot of it, requiring energy and time), compared to the trivial cost of generating another signature as in PoS.

randomNumber74y ago

You cant reuse the electricity you have already burned...

j / k navigate · click thread line to collapse