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> If someone asked "how safe is proof of work?" ten years ago, everyone would have laughed and thought you're joking I see PoW and PoS as nearly analogous in t
by nebabyte 9y ago
> If someone asked "how safe is proof of work?" ten years ago, everyone would have laughed and thought you're joking
I see PoW and PoS as nearly analogous in this regard - the rich can dominate both and so on - except that PoS is far less wasteful.
I'm excited to see where this goes.
- aoeuasdf1 9y agoI agree. The article the GP posted posits that they are equally wasteful, but ignores the fact that: - The thing that they are wasting, capital, was created out of thin air by the act of switching to PoS - There are large negative externalities to burning power by mining with hashes, which increase the cost to society of using PoW vs. PoS.