brainlets think new = better, most of the people spamming the PoS meme are people who dont even know how any of the concensus mechanisms actually work. you are right, PoW is the only mechanism that doesnt end up in a rigged shitshow, but youre wasting your time
>inb4 muh miners monopoly
no one is stopping you from developing powerful mining rigs to compete with them. on PoS, if they dont sell you their coins, there is no way to compete with them. its a rigged system
The ultimate stiffpill
Asher Sullivan
Zachary Cruz
What's to stop the financial industry from creating their own blockchains that are decentralized (but owned by the company) on the cloud? They get the benefits of full + negating single point failures.
Adam Morris
fuck off pajeet, i'm not here to gamble but invest long term
Why would you pnd a top 10 coin? That's completely retarded
Oliver Gray
>muh miners monopoly
typical cope that don't want to admit that one or two mining pools are minting your coins. nicely decentralized!..not
Gabriel Sanders
PoS encourages rent seeking, the rich become richer over time.
> decentralized (but owned by the company)
That doesn't make any sense. If it's owned by the company, it is not decentralized
Tyler Allen
PoW literally can't scale. Any PoW exclusive coin or token is fucking dead in the water, we don't have the resources for it to ever be mainstream. PoS is the only possible future for any proof-consensus crypto. And PoS absolutely can be decentralized, so your point is moot.
Ethan Morris
everything he says is common sense. why does everyone make such complicated and stupid ideas?
Benjamin Brown
you realise that a pool just means that they distribute the rewards between them evenly according to hash power, right? there are thousands of miners around the world.
>but but muh 51% attack
a mining pool isnt 1 person. if a part of the mining pool goes rogue and has bad intentions, the others will separate from them because, as stated in the whitepaper, there is no incentive to burn the system from which you are profiting.
Austin Roberts
>If it's owned by the company, it is not decentralized
One of the arguments for decentralization is about physical decentralization, not necessarily the decentralization of ownership. A company can own many nodes running a blockchain in many difference locations across the world.
Austin Allen