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A comment on Bitcoin study: Period of exclusivity encourages early adopters. Parent comment

Re:Bitcoin study: Period of exclusivity encourages early ado... by bumblebeard on Thursday July 13, 2017 @10:15PM (#14766925)
What are some of them? I'm not too up on the latest research in this area so it would be interesting to know how you can do a cryptocurrency that doesn't depend on proof-of-work calculations.
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Re:Bitcoin study: Period of exclusivity encourages early ado... by joshschreuder on Thursday July 13, 2017 @10:31PM (#14766989)
Proof of stake. ETH has an ongoing project called Casper to switch to PoS.

PoS has many of its own problems, but I think it is undeniably better from a waste point of view.

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Re:Bitcoin study: Period of exclusivity encourages early ado... by Frogolocalypse on Friday July 14, 2017 @03:00AM (#14768078)
The issue with PoS is that it introduces trust into the element. There doesn't seem to be a way (yet?) where you can introduce PoS without lowering the security of new adopters.
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Re:Bitcoin study: Period of exclusivity encourages early ado... by whiskers08xmt on Friday July 14, 2017 @03:40AM (#14768210)
How does PoS introduce trust into the system?
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Re:Bitcoin study: Period of exclusivity encourages early ado... by Frogolocalypse on Friday July 14, 2017 @05:28AM (#14768606)
PoS works on the premise that rewards will be given to holders. Unlike PoW, PoS has a single incentive structure where the management of the networks is aligned with the holders of the tokens. If you are not a large holder, the existing holders can re-write the rules to their advantage. You have to trust that large holders won't do this, even though the incentives align with that outcome.
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