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> Since PoS removes billions of dollars of the mining that secures the ledger, it must follow that a PoS blockchain is billions of dollars less secure. No, th
by wyldfire 9y ago
> Since PoS removes billions of dollars of the mining that secures the ledger, it must follow that a PoS blockchain is billions of dollars less secure.
No, that doesn't follow. This person doesn't know much about DPoS because they don't grant it any points for the things it does right.
One thing that mining-free PoS coins give up is equitable distribution of the coin. Arguably there are other approaches to this but none of them are trustless.
- kneel 9y ago>This person doesn't know much about DPoS because they don't grant it any points for the things it does right. They definitely acknowledge PoS, it's problem is inherent in that you can always dispute with consensus and create an alternate ledger WITHOUT any upfront costs.