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The percentage is based on hardware invested or capital staked. I don't think it should be. That is just lazily giving a pass to whales to dominate what is sup
by SavantIdiot 6y ago
The percentage is based on hardware invested or capital staked.
I don't think it should be. That is just lazily giving a pass to whales to dominate what is supposed to be decentralized. Totally counter to the spirit of cryptocurrency.
- DennisP 6y agoIn PoS everybody gets the same rate of return. On Ethereum it's currently about 8% annualized, regardless of how much you have staked. On Bitcoin everybody gets about the same rate of return, but major operations can generally get first access to the newest ASICs or special deals for electric power, so their rates are better. No cryptocurrency has found a way to give the exact same rewards to every human participating. That'd require some kind of verified identity. It's always going to be a rate of return times amount invested in hardware/stake.
- capableweb 6y ago> No cryptocurrency has found a way to give the exact same rewards to every human participating. That'd require some kind of verified identity. Proof of Humanity recently launched and claims to have solved this https://www.proofofhumanity.id/ https://www.proofofhumanity.id/
- SavantIdiot 6y agoThat is crazy. Thanks for the link!