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The difference with PoW mining is it involves more than just clicking a button. Conversely, with PoS, people — and particularly insiders who are in on the ICO,
by atweiden 5y ago
The difference with PoW mining is it involves more than just clicking a button.
Conversely, with PoS, people — and particularly insiders who are in on the ICO, pre-ICO or premine — can click a button and earn X% per annum in perpetuity. Which they do.
Bitcoin has many problems, it just doesn’t have this particular one.