/biz/ - Business & Finance

>>51487085
share a reason why pow tokens will "go up" other than just being a ponzi
pow security is weak among other things:
- chip manufacturers can use new tech to attack competing chain's miners
- no reason to believe inflation or fees will ever produce sufficient value to resist attacks, especially if orchestrated at country-scale. whereas in pos, buying a large amounts of token move markets which makes attacks exponentially costly if not impossible
- pos can be as financially inclusive as desired, but blockchain devs are too closed-minded to consider such dynamics
- maximalism has never worked and will never work
- if pow were the sole solution to a world order, we would already have it after ten years. considering everybody wants one
- resources exploitation for asics hardware are done in terrible conditions, and things can get much worse in some anarcho-capitalism environment, especially on non-censorship resistant platforms like kadena
- token not needed, literally
- miners will switch to whichever platform is the highest paying, whereas dapp developers will do exactly the opposite (since it will be completely transparent to users, like how nobody cares which traditional bank a corporation has contracts with when using their product). such competitive pressure is unsustainable and will render all pow networks irrelevant in time, unless flipping consensus
>>51487366
pos does not financially benefit you but it doesnt mean its worse somehow
i dont actually care what gets adopted in the end since i feel cross-platform dapps will be bigger than any single chain