Re:Proof of stake is incapable of producing a consensus
by prepend on Sunday November 28, 2021 @08:55AM
(#29368909)
> if Warren Buffet comes along and wants to spam our network, I guess he could, but that would destroy the network and destroy his value that he sunk into the network
Not if he’s undetected and does it for years while extracting value at key points in time.
There are numerous people who could put up $50B with the ability to get very high returns.
It’s not even worrying about Buffet. I worry about hedge funds and sovereign wealth funds that would definitely manipulate PoS if it earned enough for them.
Not if he’s undetected and does it for years while extracting value at key points in time.
There are numerous people who could put up $50B with the ability to get very high returns.
It’s not even worrying about Buffet. I worry about hedge funds and sovereign wealth funds that would definitely manipulate PoS if it earned enough for them.