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Tornado Cash – Test POS? Yes, or the future that (we) missed
… And although I am not a supporter of only POW, or POS of the family, or some other (POI, POH, ETC.), nevertheless, in my head it is necessary to clearly distinguish between the attacks of the technical, organizational, economic and purely social level. Briefly: one thing – exploits under the “ecosystem” Solana, another – banal phishing, mimicing under the metamask of the site.
But when We are talking about the breakdown of the trend: Pos vs. Pow, then there is a lot of things and at once. For example, the POW was the initial consensus algorithm, but almost immediately POS offers went; On the other hand, in the battle of Bitshares (Graphene) vs. Ethereum invariably won the second and this is evident in the evolution of such markets as: ICO, NFT, Defi /Gamefi and a number of smaller ones.
But now he himself Ether goes to POS And what was relevant as a forecast of some 1.5-2 years ago, all the more-3-5, in the moment it became a reality. Here I will briefly and fix my thoughts. Thoughts, not deployed ideas, for the latter were recorded from 2017 to 2021. inclusive.
Someone may start shouting that “Tornado Cash” (TC) has nothing to do with it, because “this is a mixer, not blockchain”, but in reality SEC & Co (read-VC market) should test the attacks of attack on any systems where there are staining and how they will be called, what exactly will be based on them (actually stake, pharmacing, or the notorious “liquidity mining”)-it is not important. This is time. Pain for a competitive environment is the norm, so the VC will continue to look for them. At any price.
Two – TS not the first beast in this cage: Assange and Wikileaks, Spani and Monero – all in the same area. The algorithm is as follows:
- VC is invested in projects: NEAR, SOLANA, UNISWAP, OPENSEA, ETC.;
- Rewards them with epithets “most” according to some criteria;
- Pours huge marketing budgets;
- And then everyone who resists – receive what is called “under the breath”.
The reference points of the start of attacks are as follows:
- Ecology : Read how many articles and other materials, including “research” (with the prefix of the pseudo), it came out about not the environmental friendliness of Bitcoin and ether mining for the last 1.5-2 years. Everything you hear about the environmental friendliness of POS blockchains- fakes: firstly, none of them had never withstood the real, and not test, load of at least some sample: Avalanche, Near, EOS and others stipulated, I will simply keep silent about Solana; Secondly, you cannot scale systems based on electronics (and therefore energy) and at the same time to make the world cleaner-and in the aspect that ecologists are trumpeted about; Thirdly, POS has many problems that are issued for the pluses and wrote about this in the cycle on FORKLOG: the first part, the second and third (the largest lie-oh finalization transactions);
- Further – Throwing : those who were “hacked” by the Bitcoin blockchain, although in fact there was a standard situation of blockchain parallelization until the chain with greater work won;
- Also a favorite technique – fear Criminal punishment: even such projects as Arisebank eventually turned out to be much cleaner in court than they were waved to the media (Bloomberg first of all) and SEC and SEC. And while the SEC came across only 1 rival who did not want to pay a fine with three P (from the finger, from the floor, from the ceiling – for the commission simply does not have other grounds: the law has not been adopted for 10+ years, because it is always better to operate with abstract norms, than specific) – this is Ripple. But for most, the subconscious memories of Guantanamo are too strong to resist;
- And t.D., and t.P. More about this – in the classification of attacks on crypto assets.
The main thing is that I would like to convey here: it is not necessary to break consensus at the technical level with POS-you can simply crush a critical number of validators and/or owners of other super-nurses. And no, this is not about ⅔ from each specific system: it is enough to read research on the topic – the figure will fluctuate in different cases from 1% -5% to 25%.
Why this could not be done with POW? There are many answers, but here are three:
- You can destroy a separate pool, but no one prohibit solo-items, the functioning of P2P pools (see. news of Monero), the development of new ones and t.D., Because in Pow, even with a limited number of coins, everyone who has connected to the system according to the rules can get them: see. Example No. 01 and Example No. 02, in addition, the entrance here is not limited due to the complexity reverse to the hash
- Were mining attacks and more than once: in Abkhazia, Iran, Russia, the United States and, of course, to China, but it did not help: the outcome of the miners did not give anything, the number of Tor-nodes only increased, as well as the coefficient of Nakamoto as a whole, and the complexity of the same bitcoin ultimately covered all visible and all visible and not visible limits;
- Finally, in the most incredible scenario you can start the reverse process: if you went from CPU – to GPU – to ASICS, that is, the systems that work on CPU still and this does maximum decentralization, as well as an increase in the number of full and other nods – gives it – gives growth in the level of decentralization for the entire network.
So it will be next?
First . There will be “pure” web 3.0 and Web 2.5: Whether this distribution will be 20/80 or 2/98 or some other, I don’t take it: this is not important. Why, because even 1% of hundreds of millions is a sufficient market with which you can work. All the others to persuade for too long. Briefly: decentralization UX – yes, but the creation of “simple and understandable” Dapps for everyone – no.
Second . With the advent of CBDC (the next important stage is 2023-20255. and the launch of the pilots; After 2025-2030. -final testing and conclusion into a super-mass segment) people will wake up and understand that There are no more cash. They will want to be in a pure Web 3.0, but the entry point will be extremely high: it is like you were sitting behind the TV for 30-40 years in a row and decided to conquer Everest in a day. The outcome in most cases will be one: mortal.
To start – just Tornando Cash has become an indicative example, How exactly the VC and other centralized systems, weaned to play at least by some rules, will “configure” Defi, turning them more and more into CEFI 2.0: Banks will become only licenses and take different niches, as is already visible in the example of the Fintech, as well as the “crypto” projects of people like Coinbase and different funds. Когда Uniswap на уровне интерфейса блокирует пользователей, как и сам Tornado Cash в общем-то, то это уже не про децентрализацию.
Further – There will be more and more dirty game, Where the wallets of enthusiasts will begin to “get dirty” with “dirty” assets (I think Vitalik’s wallet was an excellent testing ground here), and the media will start, sooner or later, a new round of witch hunt: they denied the ICO, NFT, Defi market, allowing redeem each segment of cheap t.n. VC bosses, they will do this with L1 and other structures.
Third . Not, there was and there will be no community of the new world and the old. More precisely, only those who can develop truly resistant to censorship and other restrictions on Web 3.0, he will be able to agree with “old” money, as once a bourgeois owning production, but not land, were able to agree with an aristocracy that owns the land, but not production. But It will be a bloody battle: Would you like whether or not. At least contractual matches – not my profile. And how are you with this?
Fourth . China credit rating, nationalization of biometric data in Russia, hard regulation of the GDPR segment in the EU and so on in fully digitized (for Web 3.0 – tokenized) the world will create a lot of problems for the most part of the world’s population, therefore The poor will become involved in XR only through VR/Mr/AR and similar parts of reality. Simply put: offline, like “real” work, fresh and healthy food (and not synthesized), long life at the expense.P., Even fresh air and clean water will become privileges. More precisely: They are already privileges, just the price and value will increase Remarily.
What to do?
Create as many Tao as possible: only closed crypto-economics based on either a ringing coin (BTC), or on a natural digitized (tokenized) exchange, built into the economy of the act and at Terra опинилася the same time based on transactional, rather than subjective reputation, gives us a chance not a chance To bring the world to the new Egypt: high-tech, glamorous slavery AR/VR-glued matrices, where everyone plays not only the role of a battery, but also things of much more unpleasant.
Of course, it should be noted that the transaction reputation (TR) is not about endless lists, expert estimates, but about three simple primitives: quantitative, temporary and subjective. A person or other SAO accumulates them, I, as a customer, or anyone else, come, evaluate, putting it their Criteria of quality, and we get TR of a particular SAO for ourselves. This will help NFT, SBT and other tools, but most importantly, 1) analytics; 2) evaluation criteria; 3) conclusions as such should depend only on the evaluating side and no one else, and the data for each of the three primitives are open.
Of course, you need to develop more and more and Large levels of abstraction : They begin to regulate the cryptocurrency market – we create tokens, and from them – ICO, Defi, etc.D.; They begin to regulate the NFT market, and we develop WNFT and secondary secured liquidity; They begin attacks on Pow, and we think how to improve this consensus algorithm. And further, further, further. In this regard, my hopes are great related to tempography . You can become part of the GRK: global distributed computers .
Undoubtedly, as many anonymity tools should be developed: cryptocurrencies-Monero, Zcash, Decred, Grin and any others who at least a little claim to this status (including LTC, by the way); Various services for NFT, Defi, and T.D. An example of the abolition of the Russian economy in 2022. – Not the only, not the first, but the main thing – not last: In the world with a keen eye of a big brother (AKA Sauron), you can become an outcast just upon birth.
Therefore, you need to understand that the crypto-Offshore is not a fairy tale, not a myth, and not even just a hypothesis, but an alternative, without which very, very many in the world will be bad. From here – enlighten and enlighten today: otherwise tomorrow may not come. Remember that Web 3.0-a very wide category, which means: you can make static and/or dynamic shirts-do; You can work with liquidity at different levels – work; You can sell marketing for cryptocurrency – sell … start all the more so easily (see. Also here).