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https://codeberg.org/mister_monster

09F911029D74E35BD84156C5635688C0

  • 2 Posts
  • 199 Comments
Joined 3 years ago
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Cake day: June 14th, 2023

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  • The primary reason to not use PoS is simply having an ongoing cost and expense external to the network.

    So when we quantify mining revenue and staking revenue, what we usually do is quantify risk. A miner must make an investment and has an average expected return, their exposure is partly to volatility of bitcoin for example and to energy prices and what not. A staker of ethereum for example doesnt really have this, their risk is only in making mistakes, server downtime, opportunity cost. The slashing rates and things are designed with incentive in mind primarily, and expected risk losses are downstream of those decisions. But we always quantify it in terms of risk, but theres another big side of this: ongoing expense.

    There is a minimal ongoing cost to staking. Make your initial investment, get high uptime on your node, youre good. A miner has an ongoing cost, in energy, in big facilities, in hardware depracation. Additionally, a miner has an ongoing cost external tp the network. This os a very big thing. they have to buy energy, hardware. A staker doesn’t have anything like that, their activity is entirely internal to the network.

    There are major game theoretical implications to these big differences. There are pros and cons, but all in all I and most people, and particularly in the Monero world, think PoW handily wins out.









  • Well, the concept of a ban list seems ripe for abuse. We have to trust someone to tell us canonically who the bad nodes are, people can slap a fed honeypot node label on you for not going along with something.

    What we need to do is design the system such that a bad node can do nothing but participate in the network. Just like the mining incentive structure with nakamoto consensus. Dandelion++ is supposed to do that, at least for everyone broadcasting their transactions only to initial nodes they know and trust. I don’t know how to do that, but a blacklist is a dangerous stopgap.







  • I’ll tell you why I won’t buy one.

    I’m not going to go into debt as much as a house would’ve cost me 20 years ago so I can drive a 10,000 pound explosive that I spend several hours a day charging, be asked to pull over to turn on Bluetooth, have a tracking device in my car, which the government can turn off if they like, have to fumble with a touch screen to turn up the air conditioner, have to pay rent for features built into the car and then have any features I purchased be non transferrable on the secondary market. These are all fuck you’s to me, so I say fuck you to them. Take your vendor lock in SAAS product and shove it up your ass. You want me to give a shit about emissions, fix all that, until then I’m driving a 20 year old beater.



  • I’ve been trying to figure out exactly what the point of this is. I haven’t asked Alex (haven’t talked directly to him in a long time as I have mostly abandoned fedi) but I know he’s the first prominent fedi dev to sort of pivot to nostr (a good sign; too many prominent fedi people are more interested in preserving their fiefdoms than the ultimate goal of all this) and has been building some interoperability stuff.

    What I see at first glance is an attempt to slap fedi social model onto nostr? Trying to create a client that gives users a TWKN and local feed of some kind? I don’t know, perhaps someone can clear it up for me.

    Anyway, I don’t really see the point, a primary benefit of nostr is the lack of network fragmentation and siloing. There’s some fragmentation that does occur with failures to fetch notes from relays and things, but not the network splitting and banlist passing and siloed networks like you get on fedi. Trying to shoehorn that UX back into nostr kind of misses the point IMO. I like the idea of community creation as a sort of organizational thing for feed curation without direct follows, it helps discoverability, particularly along lines of shared interest, but I don’t really see how the “web ring” like follow structure doesn’t achieve that already without the downside of building silos. A global feed, I see no point of that at all.