Re:BitTorrent inventor announces eco-friendly Bitcoin compet...
by Qub3d on Wednesday November 08, 2017 @07:02PM
(#15658431)
What is proposed here is not proof of stake. Proof of stake relies on either random selection (lottery) or wealth/age of investment(equity). This is a new beast.
Re:BitTorrent inventor announces eco-friendly Bitcoin compet...
by bringtheaction on Wednesday November 08, 2017 @09:12PM
(#15659203)
The final sentence of your GP was that PoS would use even less power. Probably that is what your parent was responding to.
I wish I could give a further critique, but I'm not familiar enough with the subject. There have been several persuasive comments posted to HN on the brittle nature of Proof of Stake, and the lack of hard answers to basic problems. Tacking it on as "this would use even less power" is a sign that perhaps these alternate schemes (including the one in the article) should be taken with a dash of salt and pepper.