3 ms·
Not op but will give my thoughts- The only theory I'm aware of, which the "proof-of-stake" approach is based on, is some form of "game theory", my translation
by leroman 5y ago
Not op but will give my thoughts-
The only theory I'm aware of, which the "proof-of-stake" approach is based on, is some form of "game theory", my translation - "people won't do evil stuff since it's against their interest", which generally aligns with people being rational and basing economic theories on top of this thesis.
- cliftonk 5y agoEvery major chain except bitcoin and ethereum is proof-of-stake now. And in less than a year, ethereum will be proof of stake. People that say proof-of-stake "won't work" have no idea what they're talking about.
- ashwagary 5y ago>People that say proof-of-stake "won't work" have no idea what they're talking about. My understanding is every POS blockchain is centralized and not secure. Can you name a POS blockchain that you think has achieved sufficient decentralization and security so we can test your claim? PS: How about answering the question instead of preemptively downvoting and attempting to shutting down the conversation. If POS truly works, you should be happy to provide an example or even multiple examples. Any reluctance is a red flag...