News for hackers. Stuff that matters.
Re:Proof of Stake by Spivak on Sunday November 20, 2016 @09:09PM (#13002542)
It also helps facilitate transactions, ensures the security and integrity of a network of mutually distrustful agents, and establishes a price floor for the currency loosely based on the price of electricity.
Re:Proof of Stake by ikeboy on Sunday November 20, 2016 @09:20PM (#13002587)
"establishes a price floor for the currency loosely based on the price of electricity."

You have causality backwards: the difficult changes based on the price of the currency. If the price goes down, people will simply mine less.