Subnostr

"PoS is a grift"

Lightning is literal Proof of Stake and I think it's awesome 🙄

Lightning is a layer 2 that is created on a PoW and performed on a PoW, I wouldn’t classify it as either a PoS or a PoW. The analogy I would use is more of an attached payment system that is built on top of the existing Bitcoin network, similar to an aggregator. But you’re right, it is great.

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Discussion

21seasons 2y ago

You literally have to a proof your stake when creating a payment channel. It's the only viable PoS out there.

SovereignOne 2y ago

It’s not a consensus method. It’s just providing liquidity. Settlement is still happening on BTC L1.

SovereignOne 2y ago

I understand what your are getting at, I think it’s just logically a little misplaced is all.

21seasons 2y ago

Exactly. You literally have to proof your stake by L1 tx, and only then you're able to transact with it.

It's the most accurate definition of PoS and also the best PoS system out there.