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PoS is a superior mechanism design than PoW from the fact that miners acting in bad faith in PoS have their stake burned so they can't keep on acting bad. While
by flockonus 2y ago
PoS is a superior mechanism design than PoW from the fact that miners acting in bad faith in PoS have their stake burned so they can't keep on acting bad. While to mess with PoW miners only need to guarantee temporarily excess hash power - look up "Bitcoin Cash: 51% Attack" for examples.
Like everything in tech, the devil is in the details, algorithm details in this case, so far it seems to be working out just fine.
- olalonde 2y agoPoS at best makes a different tradeoff, it's certainly not strictly superior. See criticism here: https://news.ycombinator.com/item?id=25007874 https://news.ycombinator.com/item?id=25007874