i wasn’t talking about ethereum, and i don’t think anyone was saying they don’t have TRADE OFFS. in the world of consensus protocols, there are many different trade offs that build a network that suits your needs
however the consensus protocol has little to do with how mathematically secure a network is: the security of the consensus protocol comes down to a lot of complex things
it also has nothing to do with how you bootstrap a node
these things are all different, albeit interconnected things
the consensus algorithm is the only thing that contributes to the network’s security. That, and because it’s trying to solve an impossible problem, it also needs the psychological element exploiting humans’ greed (and therefore want to hoard currency).
i wasn’t talking about ethereum, and i don’t think anyone was saying they don’t have TRADE OFFS. in the world of consensus protocols, there are many different trade offs that build a network that suits your needs
however the consensus protocol has little to do with how mathematically secure a network is: the security of the consensus protocol comes down to a lot of complex things
it also has nothing to do with how you bootstrap a node
these things are all different, albeit interconnected things
the consensus algorithm is the only thing that contributes to the network’s security. That, and because it’s trying to solve an impossible problem, it also needs the psychological element exploiting humans’ greed (and therefore want to hoard currency).