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>Now imagine a financial system where all the wealthy have to do simply own money... to get more money. You mean the current system?
by adadad3442 9y ago
>Now imagine a financial system where all the wealthy have to do simply own money... to get more money.
You mean the current system?
- nosuchthing 9y agoPoS is literally get paid for doing nothing but owning lottery tickets. Normal capital flow with bonds, stocks, etc allow a legally binding agreement for mutually beneficial transfer of capital between parties.
- Anderkent 9y agoWell, they get paid for putting that capital at risk and for keeping it locked into the system to provide consensus. It's a kind of a service.
- nosuchthing 9y agoExcept only the top few largest "stakers" are paid, others are either disqualified entirely for being too poor to stake, or will not recieve block rewards for being statistically irrelevant. PoS is a lottery with reusable tickets. Winners get more tickets.
- redka 9y agoPoS is an idea. There are implementation that reward everyone equally for the amount they put it (like semux)
- nosuchthing 9y agointeresting, thanks for sharing