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There are many problems with Proof of Stake (inflation, centralization, etc). Cardano mainnet doesn't even exist yet. Smoke and mirrors.
by purple_ferret 6y ago
There are many problems with Proof of Stake (inflation, centralization, etc). Cardano mainnet doesn't even exist yet. Smoke and mirrors.
- christiansakai 6y agoThat remains to be seen. Ethereum has their own way of solving PoS weakness and Cardano has their own way. You need to read more.
- svachalek 6y agoInflation and centralization are just as possible on PoW (see Binance Smart Chain) and just as easy to avoid on PoS. Cardano main net has been around a long time. It just doesn't support smart contracts yet.
- djschnei 6y agoCardano mainnet doesn't exist? What?... The Mainnet has 2,289 active stake pool operators, which comes out to >99% decentralized, with 71.09% of the total ADA in circulation being actively staked on those pools ($26.83b/$37.7b). It has an incredibly active and healthy mainnet...
- kanwisher 6y agoWith no smart contracts or actual usable functionality. Its just a chain with staking and nothing useful
- djschnei 6y agohttps://i.redd.it/9v8n8zaugjp61.jpg https://i.redd.it/9v8n8zaugjp61.jpg Nothing useful is a HUGE stretch - unless only smart contracts are 'useful'. The ecosystem is new but growing rapidly. Let's circle back to this comment in 1-2 months?