I have made some trivial PRs to the Monero codebase. I run a public node https://libertytmtitynvmnto2k42liys5fenb3wabaozmmmksyrc7jvgmjiqd.onion:18089/ When the revolution comes, I will be on the side that has vaccines and peer reviewed journals.

  • 2 Posts
  • 35 Comments
Joined 6 months ago
cake
Cake day: June 27th, 2025

help-circle
  • not if anyone can bring up a node

    Again, Federated Byzantine Agreement, like Fediverse: anyone can bring up a node (in this case a network validator)

    It’s up to clients/wallets to pick a selection of validators that are not in collusion with each other.

    The real loss in FBA design is trustlessness. That is really what PoW provides.

    A bad-faith PoW actor still has to pony up ~50% hashrate. A bad-faith validator just needs to spin up a few validatorss and convince people to configure their wallets to pick more of the bad-actor validator nodes instead of honest nodes.

    IMO, it’s a small price to pay for the benefit of being (a) super high max. tx/s, and (b) “green”, low-carbon-impact crypto










  • I think the majority of the Monero community shares this concern. If there was a better solution for the purposes of securing a decentralized ledger, we’d move on it quickly. Problem is, in all these years, as a community we haven’t seen a better system.

    PoS tends to continually centralize power. End of story. There is no situation where PoS does not ultimately fully centralize.

    Ostensibly super fast mechanisms like Nano are subject to insane re-orgs, which they mitigate by checkpointing the chain, which means the re-orgs that should have happened, don’t happen, … it’s a frickin’ trainwreck and would be exposed as such under real-world high scale loads.

    IMO the next-best solution to PoW is Federated Byzantine Agreement (FBA) aka “validator nodes” like Stellar. These are crazy high throughput, super efficient, and slightly more centralized – that wallets have to choose a set of validator nodes, and hope that those nodes are not colluding.

    Think of FBA Federation as being like the Fediverse: there are semi-centralized hubs. But anyone can spin up a hub and people can migrate easily. It’s not 100% decentralized where every node is identical. But you get orders of magnitude more throughput and less electricity use.