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That is exactly correct. And proof of work solves a problem that was thought unsolvable. So no other solution is likely to appear soon. None yet. (Proof of st

That is exactly correct. And proof of work solves a problem that was thought unsolvable. So no other solution is likely to appear soon. None yet. (Proof of stake just recreates the problem.)

geertj 5y ago
What is the problem with PoS that you speak about?
- danlugo92 5y ago
  https://endthefud.org/PoW https://endthefud.org/PoW
  - geertj 5y ago
    > https://endthefud.org/PoW https://endthefud.org/PoW Hardly an unbiased source (has "The best links to articles debunking Bitcoin FUD " as the subtitle). I read through some of the links and they are all high on big words and philosophy. We will know soon enough whether there's merit to any of these. Ethereum plans to move to PoS early this year so we'll have a real world data point.
    - danlugo92 5y ago
      > has "The best links to articles debunking Bitcoin FUD " as the subtitle It does what it says in the tin, no more no less.
      - geertj 5y ago
        Yup. And as such that source is ineffective in convincing someone not already convinced.