
The Bitcoin Podcast #367- Nathan, Wes, and Darcy Ubitquity
The Bitcoin Podcast
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Using Proof of Stake to Do Distributed Consensus
With bicoine like there isn't a way to punish someone who tries to cheat this system, because what you're putting at stake is external to the system. There is an opportunity cost that if what you do is conceted, is seen as invalid to the network, they just ignore it and so you've wasted all that energy to try to cheat the system. With proof of stake, they can say, oh, i know who you are. I'm taking away your money,. becauset what you're Putting up at stake is internal to the system... H ha, ye. Anow yo to take as much o your wayas to play with is what i really good
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