Proof of Stake - Benefits and Flaws.

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Информация о Proof of Stake - Benefits and Flaws.

Название	:	Proof of Stake - Benefits and Flaws.
Продолжительность	:	13.42
Дата публикации	:
Просмотров	:	60 rb

Mmmh, steak
Comment from : SheepFreak2

Bitcoins energy and waste cdoesn't hold a candle to the fiat monetary system
Comment from : Matt

imo PoS is the worst thing that could happen for a crypto coin if you put things in perspective mining is using less than what all banks uses
Comment from : Lonely Walker

How to fix proof of work energy consumption: Monero's RandomX algorithm!
Comment from : MaeMae

I still don't get itbrWith PoW you try to generate a hash to confirm the validity of transactionsbrWith PoS you 'invest' into a node and profit?
Comment from : Fones R Phunny

Proof of stake sounds mega inflationary and super speculative
Comment from : Shiro Surfer

How much electricity does a Tesla take or a normal bank transaction?
Comment from : ItsAllAboutGuitar

PoS at least allows the little guy to earn something with their average equipment
Comment from : dennis the menace

What's your opinion on Decred POW & POS?
Comment from : RiseOfKingFresh

I thought it was only a 34 attack on PoS if you can cut one section of the world off/trick it into continuing dark from the block, say with a great firewall of China, you'd only need 34 to own the network
Comment from : Jswah M

Soooooo the problem with bitcoin is its energy use? lol ok tool
Comment from : sharpenedge

So the one and only legitimate argument against proof of work is that it makes the environmentalists upset Since when have environmentalists and their politics actually helped the public interest?
Comment from : Aaron Raycove

the problem is not that rich people making more money than poor people the problem is that as time goes on the network inevitably falls into centralization with a proof of steak system
Comment from : ETHAI R

I like how Mental Outlaw's videos are technically accurate and attempt to explain detail to the average human being
Comment from : Fosres

Both are not viable DLT is the future
Comment from : Brad Brown

Looks like this is a lecture about environment impact not comparison of technologies Stick to the point or change title
Comment from : vitlia

does proof of stake use hashing?
Comment from : Sky Rausch

PoS is a fraud and scam Sorry, at some point one of these coins will have a fail
Comment from : webOfLies

I think proof of stake is not the best solution, but something closer, crypto is a newborn baby monster and we don't know anything about it
Comment from : Misael

With the long range attack the assumption is based on if the pos chain has probalistic consensus like bitcoin The top pos crypto have deterministic consensus So the longest chain dilemma doesn't exist as blocks are finalised and new blocks build on only that finalised block Check out casper finality gadget on eth 20 and also Polkadot's BABE GRANDPA and AURA
Comment from : kaioh33

eth can pos if it wants to but pow will be always neededbrand that's why bitcoin is king
Comment from : Easy Coding

Aaaand buying ton of GPU-s for proof of work seems expensive too and richer you are the more you can afford
Comment from : pawlack

If you are looking for an unbiased view on Proof of Stake, this is not it This video defends the Proof of Stake It also doesn't address the obvious problems with Proof of Stake It doesn't reduce the amount of work required to put something on the chain Proof of Stake removes the competition for Proof of Work Without the competition, there is no incentive for miners to be faster than the next guy, which means they will optimize for their costs, which will likely mean slower and more power efficient computing The end result is that the low transaction throughput of a blockchain based currency is going to get much worse
Comment from : FloodAnxiety

The only reason why POS is used is for the WHALES to continue to manipulate the Crypto market When you stake - you basically give the other party the money to buy the mining equipment and in turn you are rewarded for it by receiving a small percentage every day/week/month ETH is going to fall flat once they move over to POS and Kadena (KDA) will take over the space in the near future Educate yourself and learn They fool you into believing POS is better It's NOT!!
Comment from : Jaco Bothma

called the mid 2021 crash again, wow
Comment from : Muni Besen

is that graph of countries' coal consumption not extremely misleading due to the fact that a lot of the "consumption" in China is actually consumption in America of production in China?
Comment from : Subzero Stamina

AND we get to buy GPUs again, win-win
Comment from : Γιώργος Ρακκας

This guy doesn't understand China and it's my understanding that the cheap electrical cost are driven by hydroelectric plants in specific provinces I say this as the former Site Reliability Engineer at a crypto startup that was working on solving the blockchain scalability problem
Comment from : cprogrck

The west also use coal just look what Germany does! Their green politicians dismantled their nuclear plants and built up tensions and constraints against Russia Now their citizens are rely on the American natural gas import mined by fracking which is not green at all and considering the transport across the ocean it is very expensive too and they had to demolish medieval churches to open long abandoned coal mines Energy prices are skyrocketing in Europe and people watching educational material on tv what should they do in an event of a power outagebrMost green energy ecosystem is based on a the use of natural gas or burning wood Neither of those should be considered as green right? Solar and wind power are a lie and not sustainable In the topic watch Michael Moore's eye-opening documentary! youtube/Zk11vI-7czE
Comment from : White Rabbit

Banned in China, so this doesn't age well
Comment from : quantumperception

1:14 “The real problem is how this electricity is produced”brbrShows a Tokamak Fusion reactor 😂
Comment from : Andrew Ash Mystic Herman

Misinformation Not all proof of stake networks have these issues 🙄
Comment from : Wizard

"China is never going to switch to clean energy" they are currently building 20 nuclear plants
Comment from : Nota Bene

Hex is the best proof of stake
Comment from : SuaveoSami

Great video but you explained BTC not bitcoin, bitcoin is BSV
Comment from : Sean McCartney

All Proof Of Stake coins are shitcoinsbrNon of them are resistant to "persistent 51 attacks" hence non of them are censorship resistant
Comment from : Last Man Standing

Green minded people never say anything about China, in fact any mention of China is always responded with "well the US is worse" which is blatantly not true I dont want to say environmentalists are Chinese assets but boy do they seem like it
Comment from : CYBER FunkER

I think as of today cpu mining asics resistant may have a resurgence (see the raptoreum craze) There are many others similar to monero as in private but more or less mineable by everyday folks Haven, Evox, Cpu Chain, Lethean etc
Comment from : fuckingpippaman

1:26 well that didn't age particularly well
Comment from : Grim Waltzman

Rich people can also buy miners for crypto currency So it's the same as proof of work really It's just how the money is spent
Comment from : MrSnowman

proof stake stinks, for now at least
Comment from : nomadshiba

1:26 "really cheap and really abundant" oops, didn't even last a year RIP China's power grid
Comment from : Just Another Commenter

What about proof of transfer like on the Stacks chain?
Comment from : DaoWiz

2:17 China can't stop burning the coal
Comment from : FolkishAppalachian

If he is to look at how BSV (real Bitcoin) works most of the flaws (if not all of them) would not exist
Comment from : HOVE

Why can’t we make a proof system that doesn’t disproportionately benefit wealthier people?
Comment from : YAMADA

Lol? I'm suppose to believe the united states has good environmental policy?
Comment from : CrittingOut

Nerworks with an office and CEOs won't abandon PoW, because they are bribed by ASIC manufacturers
Comment from : Shtaufaker

You should check Casperlabs PoS More advanced than any other mentioned here
Comment from : Hugo Bettencourt

This BItcoin electricity consumption bad reputation is a fraud, How much is the worldwide gaming electricity consumption??? How much is the worldwide internet electricity consumption??? How much is the worldwide publicstreet light electricity consumption???brComparing Bitcoin electricity consumption to small countries electricity consumption is a statistic manipulation and a mind fraud! brA realistic comparison should be made between BTC industry and other industries and between all kind of energy like Gas ⛽ , like BTC VS Automobile or BTC Vs Banking, BTC Vs AC
Comment from : Freedom Isdead

How do you get penalized? The problem is how do you know some node is lying? If N nodes are all liars, M nodes are honest How does other nodes know who is the real liar?
Comment from : OAAS

I like how you used a fusion reactor for your example of electricity generation
Comment from : muchacho

ill take secure over energy consumption any day
Comment from : r47168411

Anything is better than centralized exchange scams IMO
Comment from : flow state

For the record bitcoin has twice the userbase of the country of Colombia estimated at around 100 million compared to the 50 million resident of Colombia
Comment from : Luke - Aka Egotist

If a Bitcoin miner get enough power we know it but if a PoS get enough we dont know it because he could split it to many adressesbrBitcoiin miner have the risk to lose the Miner
Comment from : Der UltiMate

Cardano all the way
Comment from : Mike C

I've never heard anyone pronounce "ETH" like that lmao
Comment from : AwesomeDavid2012

Cardano!
Comment from : raphipik

Amazing video! Thanks
Comment from : Tim Jorna

How about "Secure Proof of Stake"? Is batter??? (Eg Elrond's)
Comment from : Gabe

I am fucked, China is banning mining, trading
Comment from : Sandman Fu

Didn’t mention cardanos PoS 😬
Comment from : Collector of sats

People exaggerate the power consumption of mining Sure, it consumes more energy than the country of Ghana, but that's a very low value Imagine if you calculated all the power bills of every single financial institution in the entire planet A bunch of GPUs in a warehouse is probably not too far off from a single agency of a bank in terms of wasted electricity, not to mention manpower which implies even more electricitybrbrThat said, Ethereum was a semi-good model as it was GPU production would just ramp up with time and we'd have tons of cheap GPUs down the line (even if things suck now)
Comment from : Chrysippus

PoW is the most efficient mechanism in the history of our species for converting energy into security PoS has been around for thousands of years, it's a non-starter because you can't out-hash a bad actor, you have to convince existing stake holders to let you in
Comment from : gsovereignty

Maybe I'm misunderstanding the long range attack but Algorand is designed so that it won't fork Does that mean it's immune to the long range attack? I would also disagree with saying staking is complex, maybe on some blockchains Algorand for example requires nothing, once the money is in your wallet you'll start earning These are some of the reasons why Algorand interests me
Comment from : ]snake

Yes, lets install the shitty expensive solar panels, as Germany did and pay all the money for electricity All while China burns all the coal Also lets move all the industry to China and pretend we're clean Also huge amounts of e-waste from all the dead solar panels Lets just praise our great leaders for their genious plan
Comment from : Anony Mous 346546

You will need almost 7 or maybe more big countries to equal the population with china! And you telling me that crypto mining is harmful for the environment!? If the crypto mining is harmful just by using electricity what about gold mining or production fabrics? So this sh*t pos is advantage for the rich only, i can afford better buying with a rent some gpu's instead of risking money to stake and getting almost nothing in return So i hope this method fails and *uck the people invented it
Comment from : veqfrkmeba

wondering if a combination of the 2 would work
Comment from : logan graham

also not true for chia, you can plot with a HDD without burning SSDs, it will juste take more time, people are using SSD now because they want to be in the first people to mine, so they want to plot fast
Comment from : Bernard Thongvanh

well, china is outlawing mining, problem solved
Comment from : Bernard Thongvanh

8:10, people be ignoring that a crypto mining rig is hella expensive I guess This is true for any investing, the more money you have, the more money you can make
Comment from : Liam

Make a video about lightning network
Comment from : xeno

Are you familiar with the RChain project and the cooperative associated with it? It's already using the PoS on the mainnet Their developers and mathematicians were deeply involved in the Casper Protocol development, notably the coop founder, Lucius "Greg" MeredithbrRholang, their smart contract language works like a query language at the same time, meaning the chain is actually a decentralized database in which concurrency is a first-class citizen Supposedly, the combination of the Casper Protocol and Rholang language mitigate most of the issues with the PoS I have no idea why so little people even know about this project
Comment from : ZWZDOzLtxBEO

lol you think there are fines, or the oligarchs pay attention to protests in the west
Comment from : toxicfem69

So basically, Ethereum wants to make it impossible for new people to enter into the crypto-mining industry who wouldn't have a steak yet
Comment from : Guzio

nice normie friendly video
Comment from : pcislocked

The issue that I see with Proof of Stake is more that the only way to become a validator is to spend money bspecifically to become a validator/b Proof of Work on the other hand allows (at least in theory) anyone with a decent computer to become a validatorbrbrProof of Work should still be the goal IMO, but with some mechanism that causes steep diminishing returns, to try return it to the original concept of "while you're not using your computer for work or leisure, it's processing transactions for the world" That kind of decentralisation is the dream, and PoS abandons that
Comment from : Sean OFarrell

Stake Cardano Make money Improve humanity This is the way
Comment from : Anthony Carbajal

If rich men getting richer was never an issue I fail to see why coins needed to become ASIC resistant outside of minor environmental concerns
Comment from : Ada Pender

Rich people getting richer is okay because rich people already get richer? Bruh
Comment from : Tuukka

I prefer Proof of Concept
Comment from : 𝔪𝔟𝔩𝔢

Why can’t we just make everything a VM
Comment from : bsodcat

Go gor WAVES they have an LPoS runnin
Comment from : Kenny Leo

You can use asics to mine cool hashes - like a 0xjfbdudbkLOVEjfjdidj or any adressess with cool aesthetics
Comment from : Kenny Leo

Great video, i've just submitted my dissertation on the environmental impact of Proof-of-Work I found alot of people in the crypto space don't even realise the impact it has or even what Proof-of-Stake or Proof-of-Work is We need more videos like this to spread awareness
Comment from : Wattss40

So we all gonna ignore the fact at 1:03 that Gaming in California is using more electricity than whole Ghana 😂
Comment from : Najam-us-Samad Anjum

There is a lot at stake here
Comment from : Vogonp 42

Mmm i have a question , lets say ripple since it's PoS does that mean you can just "create" forge ripples for ever ? That it doesn't have a finite number of coins like Bitcoin (despite when last Bitcoin is gonna be minned) ?
Comment from : Firas Rabaia