Replying to Avatar ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

ok, i've been working with proof of work since 2018 and i have an opinion based on that, you may proceed as you wish with turning elliptic curve signatures into a new inflating monetary asset as you wish
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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

and i've tried to explain this, unless there is a difficulty consensus you are fucked, whoever has the most compute at their disposal can drown your "spam protected" channels

the only non-bitcoin cryptocurrency that has survived has been monero and that's because they keep changing the proof every other year to prevent a market in asics developing

basically the whole rest of the PoW coin business just gave up because it's a game of whack a mole

you can't change the economic dynamics of this game and the only way to prevent spam on nostr is paid relays!!!!!!!!!!!1

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Pip the WoT guy 1y ago

I agree paying a relay solves the problem of spam for that relay, but that's not necessarely applicable to every service. Some services aren't directly monetizable (not because it's impossible, but because people won't pay for that), and thus another spam prevention mechanism must be used.

Also, many people have PoW keys (you included), so there is clearly demand for these things. My intuition is to use these and/or PoW endorsements for anti-impersonation and spam prevention.

> unless there is a difficulty consensus you are fucked, whoever has the most compute at their disposal can drown your "spam protected" channels.

yes, it can happen, but:

a) that's not going to kill nostr, unlike these shitcoins you mention

b) it's going to cost the attacker a lot of money, and the attack will be public, so people will stop using this spam prevention mechanism and the attacker would have accomplished very little

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

if it's not monetizable, it's ded

we already see this unfolding in real time

and yes, when there is an economic incentive to spam, the PoW scheme is ded

don't mistake ideals for practical reality

ideals gives you shitcoins and fiat, reality gives you bitcoin

i'm only even responding to this because in your reply and from what i know of you, you are capable of understanding the game theory and economics, otherwise it would be cold silence, i've had this disagreement with several others about PoW and they just did not comprehend what ded means

da
Rand 1y ago

ded: dedicated aka: deferred enforcement departure

da
Rand 1y ago

(o_O)

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

nope, it means finished, over, done, no more use, life over, end

da
Rand 1y ago

i need a new browser & fuck Websters

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

i'm back to plain degoogled chromium... firefox has DRM, brave is riddled with complications for dev work

da
Rand 1y ago

t-y m changing in process, just need a few more completions