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Proof of stake is the dead end. You do not want large holding players to controlling the emission of a coin. They will corrupt it. The only way is fair emission
by rfd4sgmk8u 5y ago
Proof of stake is the dead end. You do not want large holding players to controlling the emission of a coin. They will corrupt it. The only way is fair emission by public mining. It is a good thing that energy is used over and over again. One should not be able to leverage their holdings to control the future of the coin.
You own the timevalue from an UTXO create date until now, the future timevalue is owned by others when you move it.
Proof of work is the only thing that works -- in this case DOGE is merge-mined with LTC (using the scrypt algorithm). With doge at these prices, it is twice as profitable to mine LTC as it was last week, so consequently many more miners will switch to Scrypt. DOGE is 'free', in that the energy has already been spent mining the LTC. Doge is a good thing.
- yellowapple 5y ago> Proof of stake is the dead end. You do not want large holding players to controlling the emission of a coin. They will corrupt it. This depends on anyone actually having anywhere close to a majority stake in the coin, no? My impression was that various PoS coins largely avoid this some way or another (e.g. Cardano, which will actively avoid "oversaturated" stake pools when deciding which one should create the next block).