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0 pointsx4e5y ago0 comments

POW just gives the power to whoever can purchase the most computing power. It also gives control of the network to those directly benefiting from high fees.

At least POS gives the power to those that actually have an interest and stake in the currency itself.

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2 comments · 2 top-level

leishman5y ago

PoS will be controlled by US-based custodians, which certainly have a tremendous incentive to siphon as much value from the currency as possible.

PoW has a much more diversified set of actors with competing interests, which makes it much more difficult to change the rules. This is a feature not a bug.

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themagician5y ago

Those who got that stake by purchasing massive compute power.

PoS just solidifies current stakeholders so that they no longer have to worry about competition from new players.

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