Discover and read the best of Twitter Threads about #PoS

Most recents (4)

MAR 22 #COVID19 #MDTHREAD 1: GLOBAL 316,659 w 13,600 DEATHS Beginning at 9AM Most stories WaPo Live Updates.
Derek Hawkins, Kim Bellware, Lateshia Beachum, Adam Taylor and Brittany Shammas
tinyurl.com
Or link is in tweet SEE EARTHQUAKE in #Croatia below
MAR 22 #COVIDー19 #MDTHREAD 2: #Trump still #MAGA lying. “I invoked the Defense Production Act, and last night, we put it into gear,” Trump said on FRI Infomercial. NO, per @FEMA chief
“No. We haven’t yet,” FEMA Admin #Gaynor said Sunday on @CNN’s #SOTU “State of the Union.”
MAR 22 #COVIDー19 #MDTHREAD 3: #DUBAI#UAE flagship carrier, #Emirates, announced Sunday that it would move to suspend all passenger flights by Wed in response to #COVID19 .
we cannot viably operate passenger services until countries re-open their borders.
Read 25 tweets
A thread about how well #China is playing the international game to become the most prominent economy in this decade, by @swardley.
@swardley Some key points about #China's long-run #strategy:

- For the #CPC (Communist Party of China) the #market is only a tool to leverage the power of the Chinese people, culture, and state, and not the holy sacred truth, as most western liberals believe. See @swardley's explanation.
@swardley - #China, through its CPC, acts as the #world's #biggest #buyer of goods & services, and hence, is able to impose its conditions (read law, prices, access to intellectual property, etc) to all multinationals that want to access the Chinese market, no matter how big they are.
Read 22 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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