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This is an advantage of proof-of-stake: in order to 'mine', you only have to own some of the coin. It's still not one vote per citizen, but it's much closer to
by ertian 5y ago
This is an advantage of proof-of-stake: in order to 'mine', you only have to own some of the coin. It's still not one vote per citizen, but it's much closer to it--and it's more stable, since people holding large amounts of the coin are motivated to ensure it's stability and security.
- jayd16 5y agoIs proof of stake a plutocracy by definition or is there some other democratizing factor?