Mathematics of the Proof of Steak Minting Process Question

[gts476]

Hello World!

I'm an enquiring sort of fellow and would like to know how the mathematics of proof of steak work exactly?

Can anyone tell me? Or best of all, show me an example?
 
How is my wallet weight and the network weight calculated?

Will tip!

Best.
G.

[Peter R]

I'm an enquiring sort of fellow and would like to know how the mathematics of proof of steak work exactly?

[pedrog]

I really like steak.

I prefer rare or medium rare with french fries and a good white mature wine, ah, what a great meal!

[dealio]

http://foodsavvyonline.com/meat_pages/meat_doneness.gif

[Hollowman338]

I'm an enquiring sort of fellow and would like to know how the mathematics of proof of steak work exactly?

That looks like it's been cooked to a solid "medium".  Fail.

[gts476]

oh! i made a spelling mistake!

did you not understand what I meant in my question?

[Paladin69]

oh! i made a spelling mistake!

did you not understand what I meant in my question?

To answer your question, PoS is a ponzi like the Federal Reserve.  Earning interest without working for it.  The protocol creates new coins out of thin air.

[gts476]

oh! i made a spelling mistake!

did you not understand what I meant in my question?

To answer your question, PoS is a ponzi like the Federal Reserve.  Earning interest without working for it.  The protocol creates new coins out of thin air.

I asked about the mathematics of wallet and network rate, with respect, you have not even tried to answer my question.

[r0ach]

oh! i made a spelling mistake!

did you not understand what I meant in my question?

To answer your question, PoS is a ponzi like the Federal Reserve.  Earning interest without working for it.  The protocol creates new coins out of thin air.

I would expect a non-bogus answer from a hero member.

Looking at proof of stake in a vacuum, the stake reward creates decentralized inflation, meaning if everyone stakes, you stay at equilibrium.  What PoS is in a nutshell, is a tax on people who don't stake to support the network.  Everyone who does stake is unaffected, anyone that doesn't stake is punished.  It's actually not anywhere close to comparable to the federal reserve, and not "inherently evil" either.

So yea, when you put it in perspective, it's just a system where people who do stake are taxing people who don't stake to protect the network.

The numbers are up for debate on what that stake number should be.

[gts476]

oh! i made a spelling mistake!

did you not understand what I meant in my question?

To answer your question, PoS is a ponzi like the Federal Reserve.  Earning interest without working for it.  The protocol creates new coins out of thin air.

I would expect a non-bogus answer from a hero member.

Looking at proof of stake in a vacuum, the stake reward creates decentralized inflation, meaning if everyone stakes, you stay at equilibrium.  What PoS is in a nutshell, is a tax on people who don't stake to support the network.  Everyone who does stake is unaffected, anyone that doesn't stake is punished.  It's actually not anywhere close to comparable to the federal reserve, and not "inherently evil" either.

So yea, when you put it in perspective, it's just a system where people who do stake are taxing people who don't stake to protect the network.

I never looked at it like that before, that was incredibly insightful. Thank you.

[englishbad]

haha，Need a medium

[englishbad]

Your post will be blocked. Ha ha ha ha

[mileva]

You have a logical problem.

[gts476]

You have a logical problem.

I was hoping for a logical answer.

[Peter R]

You have a logical problem.

I was hoping for a logical answer.

Achieving distributed consensus via proof of steak is thought to be impossible.  Men will never agree on the optimal BBQ methodology.  

[evoked22]

LOL that stake image just killed it

+1

[MisterGreen]

Sorry OP, but you make my day with your spelling accident. 

But please come back with questions about 'Proof of Wok'.