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Proof of stake will give pervert the incentives of the network. It'll allow large stake holders to control the network, we don't want that. Proof of Work will e
by fredfoobar 6y ago
Proof of stake will give pervert the incentives of the network. It'll allow large stake holders to control the network, we don't want that. Proof of Work will ensure that nobody has control over the network and everyone is incentivized to participate honestly.
- arcticbull 6y agoUnfortunately it requires one Argentina of power to do the work of a single raspberry pi, and I suggest environmentalists and the government won't look the other way indefinitely. Carbon pricing for instance makes the whole thing topple over.
- berenza 6y agobitcoin works just fine with any power source, not just conveniently located grid energy. you can mine bitcoin in a remote place and transmit the network data much more easily than you can transport/transmit energy. you could raise the price of fossil fuels by a factor of 1 million and crypto mining would be the least affected of any industry. so go right ahead and try it.