tuesdayrain

43 ms·

1. 391.▲
   by tuesdayrain 9y ago

   PoW is generally even less balanced than PoS, because poor people can't afford to take advantage of economies of scale with ultra-efficient mining farms. Meanwhile everyone will get the same % return in PoS.
2. 392.▲
   by tuesdayrain 9y ago

   To me the logic behind Proof of Stake is more like "so much money is bet on the answer being correct, that we'll assume it is. If the majority is wrong then feel free to permanently leave this chain and start your own". I con
3. 393.▲
   by tuesdayrain 9y ago

   It's true, but it's not related to OP's article.
4. 394.▲
   by tuesdayrain 9y ago

   It's easy to think of them as gross, pathetic, absurd if you consider their current state. If the robots ever get to the point where they are indistinguishable from humans, I imagine these things would become much more acceptable. Mayb
5. 395.▲
   by tuesdayrain 9y ago

   You could say the same thing regarding PoW - the rich can afford more ASICs which allows them to mine BTC faster and in turn buy more ASICs and so on. The difference is that with PoS, anyone will be able to stake profitably with a staking p