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By this argument the only real consensus mechanism we need is FAITH. In PoS we trust. As long as a sufficient number of people believe some currency has value
by akrymski 5y ago
By this argument the only real consensus mechanism we need is FAITH. In PoS we trust.
As long as a sufficient number of people believe some currency has value - it has value. If they don't believe, it doesn't have value, and the stakes are worthless too.