Re:Bitconnect founder indicted in global $2.4B cryptocurrenc...
by TrapLord_Rhodo on Tuesday March 01, 2022 @09:01AM
(#30514207)
this comment shows a bit of misunderstanding on what the point of POS is.
It is not some saving mechanism, it is a concensus mechanism. It ensures fraud doesn't occur and that more crypto isn't being created out of thin air. It is a way to incentivice node operators to act fairly.
If the USD had a POS system, I would 100% have all my money in it. but i can't verify the whims of the FED
It is not some saving mechanism, it is a concensus mechanism. It ensures fraud doesn't occur and that more crypto isn't being created out of thin air. It is a way to incentivice node operators to act fairly.
If the USD had a POS system, I would 100% have all my money in it. but i can't verify the whims of the FED