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There’s also the overall economic argument that Proof of Work is actually just the least obscure version of anything else: https://www.truthcoin.info/blog/pow-c
by ftlio 4y ago
There’s also the overall economic argument that Proof of Work is actually just the least obscure version of anything else: https://www.truthcoin.info/blog/pow-cheapest/ https://www.truthcoin.info/blog/pow-cheapest/
Overall I’d just argue that because PoS doesn’t involve external resources to create blocks, the cost of producing a block won’t be well understood and thus there will be opportunities for rent extraction - which we’re already seeing with Lido staking.
- dmichulke 4y agoGreat article, thanks!