Re:The Imminent Decentralized Computing Revolution
by woah on Sunday October 12, 2014 @09:27PM
(#8447154)
Proof of stake, while probably achievable technically within the next few years, has a major incentive problem. Anyone can show up and start mining a proof of work coin, and earn some. In contrast, all coins ever available in a proof of stake system must be given out by someone at some point. Most people distrust a system that claims to be decentralized, but has a central group or person giving out all tokens that will ever exist at the beginning.
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Re:The Imminent Decentralized Computing Revolution
by wmf on Monday October 13, 2014 @12:12AM
(#8447455)
You have to buy hardware to mine. Arguably buying stake directly is simpler.