Apparently, although its really sad it hasn’t been more of a priority. Drew is 100% right here, that proof of work is an utterly awful solution to the double-spend problem, in terms of energy waste, ecological harm, and actual use as a currency and not a speculative scam.
Proof of stake is pretty much what people wanted to get away from in regards to traditional currencies where the rich (and their banks) control the currency in an oligopoly.
Ahh ok that’s interesting. BTC is proof of work and is demonstrating today how it can become monopolized, see the mining groups in China. so only the da big boys get the next chain reward. Proof of stake at least you are rewarded proportional to what you put in.
Wouldn’t Proof of stake take care of some of these concerns around energy conservation?
Apparently, although its really sad it hasn’t been more of a priority. Drew is 100% right here, that proof of work is an utterly awful solution to the double-spend problem, in terms of energy waste, ecological harm, and actual use as a currency and not a speculative scam.
In current sociaty there is no bigger goal other than get rich quick. No need to blame people which just follow the promoted rules
Proof of stake is pretty much what people wanted to get away from in regards to traditional currencies where the rich (and their banks) control the currency in an oligopoly.
Ahh ok that’s interesting. BTC is proof of work and is demonstrating today how it can become monopolized, see the mining groups in China. so only the da big boys get the next chain reward. Proof of stake at least you are rewarded proportional to what you put in.
You are talking about staking in pools, absolutely same with mining in pools, you will get proportional reward.