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52391178 No.52391178 [Reply] [Original]

>Create a PoS Blockchain with limited supply
>Send 51% to a staking contract
>revoke private keys
>51% attack not possible anymore
Did I miss something?

>> No.52391232

staking rewards

>> No.52391271

>51% of people don't vote
>still someone will win the election

>> No.52391284

>>52391232
What if you cash out the staking rewards to a second wallet?

>> No.52391381

>>52391284
you would have to pay out staking rewards in different token because this way the burned 51% will become a minority one day - staking rewards, you have to pay them to make people stake

>> No.52391474

>>52391381
>you have to pay them to make people stake
It's not necessary to make people stake because 51% of the supply is already staked

>the burned 51% will become a minority one day
It's limited supply, so you just use it to secure the blockchain and earn transaction fees but you don't create 'more' tokens with staking

This method would be deflationary so it's better to pay out the staking rewards to a 'dev' wallet to keep them in circulation