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Proof of stake. ETH has an ongoing project called Casper to switch to PoS. PoS has many of its own problems, but I think it is undeniably better from a waste p
by joshschreuder 9y ago
Proof of stake. ETH has an ongoing project called Casper to switch to PoS.
PoS has many of its own problems, but I think it is undeniably better from a waste point of view.
- Frogolocalypse 9y agoThe issue with PoS is that it introduces trust into the element. There doesn't seem to be a way (yet?) where you can introduce PoS without lowering the security of new adopters.
- whiskers08xmt 9y agoHow does PoS introduce trust into the system?
- Frogolocalypse 9y agoPoS works on the premise that rewards will be given to holders. Unlike PoW, PoS has a single incentive structure where the management of the networks is aligned with the holders of the tokens. If you are not a large holder, the existing holders can re-write the rules to their advantage. You have to trust that large holders won't do this, even though the incentives align with that outcome.