Home Forums Bitcoin and Energy Is proof of stake just?

  • Gerald

    Member
    June 10, 2021 at 07:28

    With proof of work, _anyone_ can be a miner, even if they have no coin to begin with.

    With proof of stake, you can’t win new coins unless you already own some. Moreover, the coins will be awarded mostly to validators with the largest stakes. In other words, the rich get richer and the poor get poorer.

    Can someone explain if/how POS doesn’t just reinforce the status quo?

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