/biz/ - Business & Finance

[Anonymous No.7069471]

Three reasons why PoS is not the future:
1. It favors the rich. The percentage for the rich is higher at the beginning and grows each time they stake successfully. This decreases decentralization.
2. It is not backed by electricity. Even if only a few people stake the network would still exist, but the electricity to profit ratio decreases the more coins one has. This also favours inflation if there is no coin limit.
3. It favors hodling. If you can get gradually more coins via interest there is no reason for someone to trade in the mean time. This slows down the economy of the coin.

[Anonymous No.7069559]

In addition to PoW:
1. It also favors the rich and powerful pools centralize the network.
2. It is backed by electricity though. The more profitable the more will mine and the network difficulty will balance it out.
3. It doesn't favor hodling. Only high fees would slow down the network.

[Anonymous No.7069670]

Thanks just bought 100k

[Anonymous No.7069728]

Whoever is not buying BZC right now is wasting money.

[Anonymous No.7069744]

>>7069728
>t. major pajeet

[Anonymous No.7069753]

>it's backed by electricity

[Anonymous No.7069782]

PoS with sharding should be the future if they can ever figure out how to do it

[Anonymous No.7069829]

>>7069782
No, its a scheme for the rich to just get richer, it would never work, it means they will just hold and laugh at everyone else.

[Anonymous No.7069879]

>>7069782

they did figure it out

zilliqa

[Anonymous No.7069905]

>>7069471
damn who is she

[Anonymous No.7069907]

>>7069744
>pooskin
>blue eyes
Dropped

[Anonymous No.7069921]

>>7069471
Narrow hips, wide shoulders.
Yeah, that is an airbrushed man

[Anonymous No.7070047]

>>7069471
>1. It favors the rich. The percentage for the rich is higher at the beginning and grows each time they stake successfully. This decreases decentralization.

so does mining faggot, and since the richer you are, the more mining equipment you have, the faster you get richer... faggot

>2. It is not backed by electricity. Even if only a few people stake the network would still exist, but the electricity to profit ratio decreases the more coins one has. This also favours inflation if there is no coin limit.

this is just too stupid faggot. "if there is no coin limit"... great stupid caveat, what POS coins have no limit faggot
>3. It favors hodling. If you can get gradually more coins via interest there is no reason for someone to trade in the mean time. This slows down the economy of the coin.

if holders never sell, then how are they getting richer faggot?

[Anonymous No.7070165]

>>7069905
you best be trolling

[Anonymous No.7070177]

>>7069471
thanks a perfect female
who is she?

[Anonymous No.7070206]

>>7069471
guys who is the gorgeous feminine lady

[Anonymous No.7070222]

>>7070047
> so does mining faggot, and since the richer you are, the more mining equipment you have, the faster you get richer... faggot

This anon speaks the truth. There was an article a while back about how much it costs to get into mining (in Bitcoin). People think PoW = anyone can do it, but it's not true. The coins you need to stake are often almost the same price as the fancy mining rigs you need to be competitive

[Anonymous No.7070278]

>>7070047
>>7070222
if you people would have read my second comment you could have saved a lot of time

[Anonymous No.7070297]

ITT:
Holy fuck how can it be physically possible to be this much of a newfag?

[Anonymous No.7070390]

>>7069471
Ugh such a prime example of female beauty. She needs to be the face of VEN!

[Anonymous No.7070547]

>>7070177
Such a perfect anon, I love your dubs.

[Anonymous No.7070691]

>>7070390
low quality bait