Author: Ruben Somsen 2021-06-25 16:08:07
Published on: 2021-06-25T16:08:07+00:00
The moderators of the bitcoin-dev mailing list have suggested that the discussion on Proof of Stake (PoS) be finished up, as it is dominating the mailing list and is not directly relevant to Bitcoin. In the discussion, several individuals expressed their views on PoS, with some arguing that it is not suitable for use as a consensus system because it is constitutionally incapable of producing a consensus. They argue that in PoS, each node has its own notion of what happened, which differs from all nodes agreeing on what happened, leading to weak subjectivity. Additionally, they claim that PoS does not provide a consensus system to solve the timestamp problem, which is necessary to determine the order of blocks and transactions. Others argued that PoS can be used to maintain consensus by referencing prior state and limiting reorgs to not go back before Proof of Work was abandoned in favor of PoS/PoB, assuming all incentive problems are solved. They also noted that participation in any decentralized system requires the permission of at least one user in that system and that PoS has a lower barrier to entry than PoW, as it only requires setting up your own validator and not outsourcing it to anyone else. There were also concerns raised about the barrier to entry in PoS being given permission by the previous owner of a token, which could lead to control being centralized in a central party. However, others argued that this idea is invalid, as there is a healthy exchange market for PoS Coin X with tens of thousands of participants, making it permissionless to enter the market for minting blocks for PoS Coin X. Despite these arguments, the moderators have suggested that the discussion be concluded to focus on topics more directly relevant to Bitcoin.The provided context is a series of email threads regarding the Bitcoin development mailing list. The email contains links to the mailing list and its subscription page. The email also includes an HTML attachment that has been scrubbed, so it's unclear what information it contained. It's likely that the email was sent as a reminder or invitation for developers to join the Bitcoin development mailing list. The email includes multiple instances of the Bitcoin development mailing list link and a request to subscribe to the mailing list. It's reasonable to assume that the sender wants to encourage more participation from developers in the Bitcoin community through the mailing list. In summary, the context is a short email with links to the Bitcoin development mailing list and its subscription page. The email appears to be a reminder or invitation for developers to join the mailing list and become more involved in the Bitcoin community.
Updated on: 2023-06-14T20:45:46.693074+00:00