Re:Proof of Stake or Proof of Work, What's the Difference?
by improv32 on Sunday November 04, 2018 @04:29AM
(#18375031)
As I understand it, they earn a larger share of the money supply, as interest. But not actual economic profit stemming from some productive wealth-creating investment. Except insofar as their support of the coin itself enables ecomonic activity.
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Re:Proof of Stake or Proof of Work, What's the Difference?
by covemarkets on Sunday November 04, 2018 @12:19PM
(#18376874)
right, that's the main point. Why switch to POS at all? Suppose for a second ETH POS solution works as advertised. really fast and scalable. Then, there will be economic activity as a result of that speed and scalability, that would not have happened otherwise. At least that's the idea - may not ultimately work out.
Re:Proof of Stake or Proof of Work, What's the Difference?
by kiriakasis on Monday November 05, 2018 @07:32AM
(#18381778)
> productive wealth-creating investment
like hashing blocks?
If you believe this is a critique of PoS then it must also be a critique of PoW