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by sillysaurus3 3246 days ago
I'd like to ask more about Proof of Stake's flaws.

https://en.wikipedia.org/wiki/Proof-of-stake#Criticism

These problems seem fairly significant and unresolved. Thoughts?

Statistical simulations have shown that simultaneous forging on several chains is possible, even profitable. But Proof of Stake advocates believe most described attack scenarios are impossible or so unpredictable that they are only theoretical.

Any system that will eventually attain a $1T market cap probably can't have theoretical issues like this.

1 comments

AFAIK Ethereum plans to resolve this "nothing at stake" issue by using security deposits. If someone submits a proof that a miner was staking on multiple chains, the miner loses their security deposit.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

That said, this all looks hard to get right...