Nothing Is Cheaper Than Proof of Work (2015)

Re:Nothing Is Cheaper Than Proof of Work (2015) by lalaland1125 on Saturday February 24, 2018 @12:19AM (#16451845)

Isn't there a cost in dPoS due to the voting system? People have an incentive to pay a significant amount of money (or time, which is equivalent to money in opportunity costs) to get themselves voted in. All that work is effectively wasted. This is actually addressed in the article: http://www.truthcoin.info/blog/pow-cheapest/#money-and-polit...

Not to mention that you have to pay the delegates more than their actual costs as you have to pay them a premium to prevent them from cheating.

Also, the voting under dPoS is fraught will all sorts of worries (imagine sockpuppets and all sorts of fake news).

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Re:Nothing Is Cheaper Than Proof of Work (2015) by Zenbit_UX on Saturday February 24, 2018 @12:27AM (#16451870)

There's been a lot of discussion regarding this point about buying votes in the eos community. The consensus is that it's a zero sum game. If you're interested in learning more I'd suggest checking out the white paper as I doubt I can do this argument justice.

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