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The way to understand this, ask if PoS would have been bitgold released in 2009. As bitcoin wasnt valued in 2009-2011, its value in USD was basically zero. Yet
by antocv 6y ago
The way to understand this, ask if PoS would have been bitgold released in 2009.
As bitcoin wasnt valued in 2009-2011, its value in USD was basically zero. Yet the cost of attacking the PoW even during that time was the cost of electricity which was higher than zero.
PoS, if it was released in 2009 instead of PoW, the cost to attack it would have been zero, as the price of bitcoin was.
There is a solution to this but none of the shitcoins have it implemented, instead chosing to give the creators all the power and majority stake.
- Kbelicius 6y ago> There is a solution to this but none of the shitcoins have it implemented, instead chosing to give the creators all the power and majority stake. What is the solution you are thinking about? Interestingly enough, IIRC, the very first PoS coin did not give the creators all the power and majority stake.
- antocv 6y agoI hate the entire cryptospace and all the damn shilling of every shitcoin in every corner of the internet. I hate it with a burning passion, I hate all the shitcoins which overpromise and deliver shitty SQL servers. If it is good enough you and others will be able to find it, without anyone needing to name-drop or shill it. If it isint easy to find, well it isnt and deserves to die. But please if/when you find it, dont shill it, dont mention it.