Why Proof of Stake is Flawed with Lane Rettig — What Bitcoin Did
https://ift.tt/3pePSXe
**If a PoS system loses consensus, how does it get back on track?**
Any system that has **weak subjectivity in its consensus system** has to do the following…
Find some central authority to decide which state to pick eg core developers ( if they can somewhat automate this process by providing a patch )
I vaguely remember, this happening to several shitcoins ( i haven’t kept track) where important nodes crashed when there was a transaction spike and the developers had to freeze the network to restore it.
It also happened to BAB – Bcash2, (due to very big blocks in a row ) which has reorg protection so important nodes had to ask the dev’ which chain is the main one and reorg to it manually…. **( all this times you could continually double spend your coins on both chains if you split them correctly lol )**
There is something much worse than PoS, its what bcash implemented. It takes the worst parts from both systems ( Weak subjectivity and high energy consumption ) and combines it.
In bcash PoW is used to _ONLY_ order the last 11 blocks
And their community brags about how they follow the WP…. /facepalm
Cryptocurrency
