📅 Original date posted:2015-02-25
📝 Original message:Having stakeholders "endorse" blocks has, according to you, the benefits
of increasing the number of full nodes and making a 51% attack more
expensive. It seems to me it would have the opposite effects and other
negative side effects. Any stakeholder that has "won" could just be
running an SPV client and be informed by a full node that they have won,
then cooperate to collect the reward. You are mistaking proof of stake
as a proof you are running a full node. At the same time, the network
becomes cheaper to attack in proportion to the amount of the block
reward that is paid to "endorsers". Another side effect is that miners
would have a bigger economy of scale. The more stake a miner has, the
more they can "endorse" their own blocks and not others blocks. I
recommend reading this: https://download.wpsoftware.net/bitcoin/pos.pdf
-Andrew Lapp
Andrew Lapp [ARCHIVE] /
npub1e5…uc2yw
2023-06-07 15:31:23
in reply to nevent1q…ct4k
Author Public Key
npub1e5chytzuvgung0mw5ct9m0z5t8u5s9pvf8rr2cd3sxqk4fvgy5zq4uc2ywSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:31:23Event JSON
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"content": "📅 Original date posted:2015-02-25\n📝 Original message:Having stakeholders \"endorse\" blocks has, according to you, the benefits \nof increasing the number of full nodes and making a 51% attack more \nexpensive. It seems to me it would have the opposite effects and other \nnegative side effects. Any stakeholder that has \"won\" could just be \nrunning an SPV client and be informed by a full node that they have won, \nthen cooperate to collect the reward. You are mistaking proof of stake \nas a proof you are running a full node. At the same time, the network \nbecomes cheaper to attack in proportion to the amount of the block \nreward that is paid to \"endorsers\". Another side effect is that miners \nwould have a bigger economy of scale. The more stake a miner has, the \nmore they can \"endorse\" their own blocks and not others blocks. I \nrecommend reading this: https://download.wpsoftware.net/bitcoin/pos.pdf\n\n-Andrew Lapp",
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