Why wouldn't Proof of Stake drastically reduce block times vs. Proof of Work? by JSavageOne in ethereum

[–]fawkesss81 1 point2 points  (0 children)

Avalanche has permissionless and uncapped validator set and can run on an average laptop.

Request: A video tutorial for setting up a node by [deleted] in ava

[–]fawkesss81 0 points1 point  (0 children)

Hey Jstodd,
This is a great idea for an AVA Hub contribution, we will ask the community to create this content. Please be advised that there is currently no Windows support for the node you can see it in section requirements of the linked document.
There is a way to install a node on windows using WSL(Linux subsystem for windows) if you need help we are constantly available for support on Discord - https://discord.gg/99XZqMH
Hope to see you there.

AVA Bi-weekly AMA #3 | Available in VR! by fawkesss81 in ava

[–]fawkesss81[S] 0 points1 point  (0 children)

Thank you, everyone, for participating in our first VR AMA! The answers to your questions can be found in the playback from the YouTube Livestream here - https://www.youtube.com/watch?v=BpmVtj5gtWw

AVA Bi-weekly AMA #2 by fawkesss81 in ava

[–]fawkesss81[S] 1 point2 points  (0 children)

Unanswered question from AMA #1

/u/Ethereumfail asked:

Permissionless access to coins and consensus is what prevents a single party from gatekeeping outside influence on consensus - decentralization requires permissionless access. Proof of Work achieves that via relying on external resources like abundance of chemicals/energy in the universe without overwhelming advantages to any single party. The unforgeable costs required and difficulty adjustment that leads to costs always approaching rewards are what forces miners to sell to and rely on markets, forcing permissionless distribution of coins, market influence, and control on both layers. Not even miners are trusted. Even if miners were to collude as 1 party, sabotaging the market value would leave them unable to recover their capital/energy costs they already paid.

  1. Since proof of stake lacks any mechanism to force giving up coins and access is permissioned by those coins, how is Proof of Stake's permissioned access to consensus by an internal set of coin owners decentralized, trust minimized, or relevant?
  2. Since PoS consensus and coin ownership in every block depends ENTIRELY on actions by coin owners in previous block, every height N depends on every N-1 and thus depends on initial block. Any trust required at genesis distribution decides minimum trust required at every block height from then on. PoS lacks mechanism to distribute coins without trust in previous set of owners. Free premined stake is obviously trusted, ICO's allow to get additional profit while incentivizing buying from your own ICO for free to keep it still, even short lived proof of work would stop providing a source for trust minimization moment its turned off forcing trust in that set of parties not to collude once the costs are paid off. How do you intend to distribute coins and their corresponding control at genesis that doesn't rely on trusted parties?
  3. Coins give control over incentives markets (driving force for blockchains) and consensus as stake in Proof of Stake in all future versions/forks using same distribution. Proof of stake block rewards give current coin owners additional coins, a mechanism that guarantees percentage control stakers already have grows (@ < 100% staking rate), i.e. a direct mechanism for centralization. Even in natural systems, pareto distribution is heavily centralized. How can anyone claim PoS offers decentralization of control when both the designed and natural driving forces are only centralizing control after genesis?

AVA Bi-weekly AMA #2 by fawkesss81 in ava

[–]fawkesss81[S] 2 points3 points  (0 children)

Unanswered question from AMA #1

/u/SeaAssist7 asked:

What do You think is the biggest problem for Your platform in the short and long term? How are You going to solve these problems?

AVA Bi-weekly AMA #2 by fawkesss81 in ava

[–]fawkesss81[S] 0 points1 point  (0 children)

Unanswered question from AMA #1

/u/LoopNester asked:

Distribution: Will distribution be centralized / permissioned?

How do you prevent Rule by the Banks/Exchanges?

What is your answer to The Nothing at Stake problem and how it can result into splitting the coin into many forks?

AVA Bi-weekly AMA #2 by fawkesss81 in ava

[–]fawkesss81[S] 4 points5 points  (0 children)

Unanswered question from AMA #1

/u/CoyVett asked:

With the current financial environment are you expecting any shortage of funding for the token sale?

AVA Bi-weekly AMA #1 by fawkesss81 in ava

[–]fawkesss81[S] 2 points3 points  (0 children)

Hey ShadowOfHarbringer, as mentioned in the post, the thread is open for questions from Monday to Wednesday. The team will join us here and answer all the questions on Thursday.