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As I understand it, they earn a larger share of the money supply, as interest. But not actual economic profit stemming from some productive wealth-creating inve
by improv32 8y ago
As I understand it, they earn a larger share of the money supply, as interest. But not actual economic profit stemming from some productive wealth-creating investment. Except insofar as their support of the coin itself enables ecomonic activity.
- covemarkets 8y agoright, that's the main point. Why switch to POS at all? Suppose for a second ETH POS solution works as advertised. really fast and scalable. Then, there will be economic activity as a result of that speed and scalability, that would not have happened otherwise. At least that's the idea - may not ultimately work out.
- kiriakasis 8y ago> productive wealth-creating investment like hashing blocks? If you believe this is a critique of PoS then it must also be a critique of PoW