PoW? No thanks

[Anonymous No.23246040]

lately I have seen very good projects using PoS (and with a good consensus like Avalanche)

Will this be the end of the PoW shit and its projects ending in misery like ETH?

[Anonymous No.23246056]

>PoW is dead!!

[Anonymous No.23246108]

>>23246056
It will be with that waste of energy

[Anonymous No.23246271]

>>23246040

PoS doesn't work.

[Anonymous No.23246350]

>>23246040
PoW have tangible value.
PoS is pixie dust.

[Chad Enjoyer No.23246366]

>>23246040

if PoW continues to being applied, it will fucking end the whole market. PoS is the answer to finally achieving DeFi. I don't invest in PoW currencies, just PoS ones like AVAX

>if PoS does not work, explain pic related

[Anonymous No.23246426]

>>23246271
China will literally end up controlling the entire market if the PoW continues as it is

[Anonymous No.23246582]

>>23246426
At least they have to constantly spend energy to do it and it's obvious enough to circumvent in an emergency.
In PoS groups conspire to take control without anyone noticing and when they do that's permanent with no additional investment needed.

[Anonymous No.23246675]

>>23246271
explain yourself

[Anonymous No.23246710]

>>23246582
in PoS it is always increasing its validators, also if they would make a 51% attack it would be like shooting themselves since they commit their own money

[Anonymous No.23246859]

ahh yes PoW is the best by far pls anons keep using it

[Anonymous No.23247044]

>>23246710
Staking weight is determined by how much you own so the ones that own the most keep accumulating the most. The goal of the node owners isn't to secure the network but extract value from a pyramid scheme structure.
Destroying what they're mining is also self destructive for anyone capable of an attack on Bitcoin.
If the Chinese dominate it's because they have the excess energy to get paid to secure the financial network. If you can't compete or deal with the security implications it's only reflective of your increasing irrelevance.

[Anonymous No.23247181]

>>23246675
Actors are rational and liquid assets are liquid. If there's a better use for staked assets then they will leave the staking mechanism to whatever has higher returns. This makes it easier to manipulate for bad actors.

[Anonymous No.23247385]

>>23246040
All pow coins outside of BTC will end up being 51% to death and all mining operations will consolidate on Bitcoin.
Your coins are de facto unsecure if they're running on a PoW chain.

The mining landscape has changed a lot over the last 5 years, back in 2015 it was still mostly an enthusiast hobby with "benevolent miners", today it's greedy chinks who mine directly to exchanges with FGPA and won't hesitate to murder your coin before moving to the next one.

[Anonymous No.23247462]

>>23246108
>waste of energy
i don't necessarily have anything against proof-of-stake and its goal of reducing a network's energy usage, but one could easily argue that proof-of-work incentivizes the actualization of both energy-efficient computing, and low-cost/high-efficiency power generation techniques

[Anonymous No.23247474]

>>23247044
So prepare to be poor when China controls all your money, PoW only benefits whoever has the best machines.

[Anonymous No.23247488]

>>23246582
It's true but only if the distribution is dogshit (which it is for many coins, especially VC scams).
Coins which got a good initial distribution phase (no/little premine and 3+ years of mining) typically will have a robust model to counteract that.

The probability of Ethereum being taken over by a cartel of validators for example is very small.

[Anonymous No.23247598]

Kulupu is POW and it is a good team

[chen lin No.23247746]

I think PoW is better because 對我和我的家人來說更好,真的是一大筆錢,長壽的新平傻瓜電暈甚至都不是真實的,而且PoW也不是

[Anonymous No.23248189]

>>23247474
I have the best machines and the cheapest power but not as much of it as China. I can fork in a hostile situation and include defenses against China. Most of the volume isn't from China so the defensive fork would dominate.
>>23247488
The distribution may slow the process but a system that tends toward a result could just as well be programmed to reach it. The most bullish buy up the market which pumps the price and expectations of returns from staking. They basically autosell more and more of the staking returns as the price goes lower and lower pushing the price even lower in a feedback loop.
With PoS you get a very large inflation boost which no project so far countered effectively and no eternal record burned in math with the power of a thousand suns.