3 ms·
Not sure if I totally buy it, but the economic argument here [1] is interesting. Essentially the claim is that proof of stake actually takes just as much resour
by jordanthoms 8y ago
Not sure if I totally buy it, but the economic argument here [1] is interesting. Essentially the claim is that proof of stake actually takes just as much resources as proof of work (marginal cost = marginal revenue), as no participant in the market is able to extract a rent.
1 - http://www.truthcoin.info/blog/pow-cheapest/ http://www.truthcoin.info/blog/pow-cheapest/