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The 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 securit
by Frogolocalypse 9y ago
The 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.