/biz/ - Business & Finance

Let me put this simply so you PoS fags can understand

PoW:
>sir, this is the police, you’ve been driving dangerously, please step out of the car, have you been drinking?
>we need to give you a breathalyzer test
>wow, you are way over the legal blood alcohol level, take him away boys!

PoS:
>sir, we need to give you a breathalyzer test, I suspect you have been drunk driving
>I’m not drunk bro, just ask my friends in the back seat!
>yeah bro, he hasn’t had a drop to drink all night! BREATHALIYZER TESTS ARE A WAST OF ENERGY WHEN WE CAN JUST AGREE HE’s not drunk OKAY
>Oh ok, in that case you are free to leave, have a nice day
>*crashes into tree and dies*

>>51454073

Wrong, you do need to own 51% of hash to 51% attack PoW, that’s literally a requirement. As for the block reward, maybe long term that could be an issue for something like Bitcoin, but it won’t be for something like Doge which doesn’t have a halveninf mechanism and can pretty much be sustained through block rewards in perpetuity.

Also, again, owning 51% of the hash is harder than owning 51% of stake, because hashrate isn’t constant and not something any single party can control, but coin ownership is something that can be controlled as any dedicated attacker can just amass coins and there is nothing any other party could do to stop them.

You can hardfork PoS all you want, but the fact is it’s still harder to attack PoW because it’s security is based on hash, not on token ownership.

Work does equal value. I can’t just whisk a ducking bitcoin out of my ass, it doesn’t matter if it was mined with a laptop in 2010 or an asic farm in 2022, it still took work to create the coin, it’s valuable partially because it cannot be counterfeited in any way, YOU MUST mine to mint new bitcoin, there is no other way of creating it.

Meanwhile PoS you literally just printing tokens in your glorified excel database and then distributing shit to all your friends and then guaranteeing them power in perpetuity to control the network.

With PoW, early adopters are rewarded for bootstrapping the network by getting the lion shares of early coins, but this has zero impact on the actual function and governance of the blockchain. They still had to invest in the hardware and electricity to produce those coins and secure the network. With PoS you have to do fucking nothing, it’s fundamentally worthless.

You honestly sound like a massive fag.