What other decision making processes are there?
>POW (too wasteful)
>POS (problematic, deflationary)
>Proof of Location (Can be spoofed, not really viable)
What else is there?
Also lets make our own ideas:
>Proof of Kill streak, where gamer girls control the money supply using their vaginas to manipulate the top gamers
>Proof of transaction, where its not the holders like in POS, but the people who actually use it who make decisions
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proof of fairness
minority groups and the poor get more tokens than the rich
Proof of Capacity like Burstcoin. CPU intensive to get the storage space written up, but then it's pretty low maintenance to run.
Proof of WEAK HANDS
proof of lambo
Only lambo owners can be nodes in the network to validate transactions
Must send selfie with the lambo documents of ownership every day
chia.net will use Proof of Space and Proof of Time
Dpos you homo
PoP - Proof of pussy.
Guys who have laid pussy and posted proof with pics get to control coin.
PoL - Proof of Loli
Posting pics of loli will earn you extra coin as reward.
Proof of Authority
Decentralised grid computing enabled ASIC-resistant PoW/merge mining.
PoHS(Proof of Human Sacrifice)
Only Bilderberg elites and cannibalistic cults are allowed to generate new blocks and validate transactions. The block time is variable and depends on the node owners ability to find new victims.
TPoS trustless proof of stake
proof of anonymity - not sure how it would work but if anyone else recognizes you, you're "censored" or eliminated from participation in block creation
>PoHS
I like this one.
Proof of bean!
>people just make loads of low value wallets
wont work
>lets slow the entire neighbourhood internet down
this is the worst system
bvsed
>giving the power to someone else
this is the cuckold answer
i dunno how it would work
how does this work?
VERY BASED
We have an excuse to build big pyramids
whats this?
its literally just POS, and its pretty rigged. im staking beans right now
Consensus
Proof of location doesn't mean what you think it does.
proof of work energy needs aren't as bad as people think it is. eventually we'll have so much energy that we don't know what to do with it, because humans need it anyway for other things. there's also that solar panel thing, as sun goes up the power plants need to have some place to send all their excess energy (can't power them down because it takes longer than a day to power them back up so you'll miss the night)
tl;dr (or if you don't understand) don't worry about "wasting" energy with POW
In PoA-based networks, transactions and blocks are validated by approved accounts, known as validators.[2] Validators run software allowing them to put transactions in blocks. The process is automated and does not require validators to be constantly monitoring their computers. It, however, does require maintaining the computer (the authority node[3]) uncompromised. The term was coined by Gavin Wood, co-founder of Ethereum and Parity Technologies.[4]
With PoA individuals earn the right to become validators, so there is an incentive to retain the position that they have gained. By attaching a reputation to identity, validators are incentivized to uphold the transaction process, as they do not wish to have their identities attached to a negative reputation. This is considered more robust than PoS, as:
In PoS, while a stake between two parties may be even, it does not take into account each party’s total holdings. This means that incentives can be unbalanced.
Meanwhile, PoW uses an enormous amount of computing power, which, in itself lowers incentive. It is also vulnerable to attack, as a potential attacker would only need to have 51% of the mining resources (hashrate) to control a network, although this is not easy to do.[5]
Proof of Weak Hands faggots
You will miss the fomo train again if you don't prepare your eth for sunday
>there's also that solar panel thing, as sun goes up the power plants need to have some place to send all their excess energy (can't power them down because it takes longer than a day to power them back up so you'll miss the night)
That's actually a sensible point, PoW coin farms can be used as a way to dump excess electrical capacity due to renewable.