2 ms·
Call me a pessimist, but I have stopped assuming rationality of all actors acting to secure a long-term future, especially in the world of cryptocurrencies
by rakoo 4y ago
Call me a pessimist, but I have stopped assuming rationality of all actors acting to secure a long-term future, especially in the world of cryptocurrencies
- pclmulqdq 4y agoPoW is magical in that these actors are strongly incentivized to secure the network. PoS is not the same.
- rakoo 4y agoThis was the whole point of blockchains. No one trusts anyone, everyone is in it for themselves only. The Adam Smith model. And it works, if you don't loom at the disastrous environmental impact.