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The FAQ is probably outdated. The roadmap in the article includes the switch too proof of stake. Proof of stake generally does not include block rewards, so it
by DalasNoin 9y ago
The FAQ is probably outdated. The roadmap in the article includes the switch too proof of stake. Proof of stake generally does not include block rewards, so it will stop completely.
- nope96 9y agoSo the 60 early contributors now get 12.5% of all network fees, forever? (if they "stake")?
- DalasNoin 9y agoI assume they sold some of it by now. But I see your point, does pos make the rich richer? Rich people can stake almost all their ether. since you can't move your ether for a long period of time after you stake it, staking is impractical for many. The first version of Casper will also include a minimum of ether to stake, though there are pools and they want too lower it over time.
- whiskers08xmt 9y agoCapital begets capital. The choice of consensus algorithm doesn't matter, as long as the system follows some kind of capitalistic economic model.
- VMG 9y agoWhat's the incentive to participate honestly in Proof of Stake if there is no reward? Leaving aside the question whether PoS even works at all https://download.wpsoftware.net/bitcoin/pos.pdf https://download.wpsoftware.net/bitcoin/pos.pdf
- DalasNoin 9y agoYou get the transaction fees. when I said block reward, I was referring to the minted coins.
- PretzelPirate 9y agoOn top of earning fees, if PoS includes penalties for not being honest, you will lose money by not doing the right thing.