Post
Topic
Board Bitcoin Discussion
Re: The Bitcoin consensus mechanism is incorrectly labeled Proof of Work
by
smooth
on 12/09/2015, 05:16:09 UTC
It consumes less electricity.

Miners or delegates or validators or whatever will expend resources only to the extent justified by transaction processing profit margin, which delegates in DPoS will also do. In fact DPoS may well have high profit margins because the number of delegates is fixed, making it a closed market.

So perhaps less electricity, but if so then more resources expended on something else (politics most likely).

(This assumes that the coin distribution phase of Bitcoin is over or insignificant, which must be done to meaningfully compare with DPoS since DPoS is incapable of distributing coins at all.)

Quote
Since I already argued that one can't mine with lower economies-of-scale without losing hash rate share over time

I don't agree with your argument that your argument is conclusive. You need to show that economies of scale are net positive at the economically relevant scale, which depends greatly on many undetermined factors.