Replying to woolcycle

Just as Bitcoin-only is a massive assumption and attempt to shut down debate, so is "PoW is mandatory in a digital currency". I wonder if there is any appetite amongst Bitcoiners for rigorous debate on these two counts. I hope so, open source should mean open to challenge. #asknostr
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daniele 1y ago

Of course, I am open to any different opening that might improve the possibility of a decentralised, non-governmental, non-inflationary money.

At present, this point seems quite solid to me:

nostr:nevent1qqsw7pcnl8gghldg5dugfel0chm9r938pzmtvcnk72la4gmc5srek3cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygxya2awr03u7etmcxz4acz7d80f7pvuk7s9jgn3dzuqhztkrj7yuqpsgqqqqqqsj9y66v

Do you have any other ideas?

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woolcycle 1y ago

Thanks for engaging! Personally, I wasn't convinced by nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle presentation.

I wonder if it would be possible to have an adversarial debate at a Bitcoin conference, e.g. Bitcoin vs shitcoin, PoW vs PoS? Also, let's pick the cryptos to compare and contrast with #Bitcoin based on rigorous technical criteria, not just market cap.

Personally, I am all in on Bitcoin + Nimiq, the latter of which is transitioning to Proof of Stake. The depth of research being done on blockchains is too substantial just to be sniggered at! Here is something from the Nimiq team, the third metric concerns mitigation against centralisation under Proof of Stake. https://www.youtube.com/watch?v=djTHvlIWJGs&t=17s

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woolcycle 1y ago

Read the first sentence carefully. Who else is willing to commit to the first principles contained therein?

You are welcome to have interim conclusions in favour of "Bitcoin only" or Proof of Work only. But the search for solutions which best meet the first principles needs to continue.

nostr:note1pncv5j5wketkscpcjrytuz0rujsnvjk84l25gpxz8ecpca4f3xns5y52qj