Discover and read the best of Twitter Threads about #PoS

Most recents (3)

Keep checking the MEGA upload files on JZ Knight & Paytriots. It's being updated with snippets daily.

mega.nz/#F!Tqwm1ApY!p_…
"Ramtha" damage control on Neons site

Enlarged version ➡️➡️magaimg.net/img/7zil.png⬅️⬅️
Will Sommer (Daily Beast) on to JT Wilde)
Read 20 tweets
One of the key 'real world applications' for us is a mobile #PoS payment system.

To make this a reality there are a few things that need to be true...(thread)
1) The currency should hold consistent value across all territories and can be transferred internationally without cost.

2) For #peer-to-peer payments, it’s free and near instantaneous.

3) Transactions take just seconds compared to hours-to-days with conventional bank accounts.
In contrast to other #cryptocurrencies, our goal is to enable the use of temtum for everyday purchases, for example at major retailers.

It uses the NFC capability on a smartphone interacting with standard POS terminals, which are in widespread use in developed economies.
Read 6 tweets
One of the most robust explorations I've read on the economic & game theoretic limits of #Bitcoin & #PoW more broadly: nber.org/papers/w24717
Sorry for the paywall, but the paper is well worth the $5. Makes me think of hybrid #PoW & #PoS as a potential solution (part of the thinking around our $DCR investment), as research for pure #PoS is ongoing.
Paper confirmed my concerns around what on-chain transaction fees may have to be when the coinbase reward goes to zero (to accomodate 0% rate of inflation). Depending on assumptions: $18,700 to $37,400 to $108,700 per txn.
Read 6 tweets

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