Why are the PoS tokens better than PoW tokens? I'm asking because Bitto really stresses importance of being PoS token exchange?
My opinion on this: I really don't know why we had to make all those PoW tokens, it's kind of a wasted energy. PoS works just fine and cannot be hacked or abused since it's on a decentralized blockchain.
1. you don't need a machine to mine
2, owning a POS has 2 simultaneous benefits. - You reduce the circulating supply in the market, increasing the chances of the token price to increase, while passively earning tokens without a mining rig. Also it's more eco friendly since you back your assets by gold, fiat or company shares, and not solving complex math problems.Straight to the centre, you explained it so efficiently. You deserve merit for this post but I don't have it. POS is future that is for sure, passively earnings are more way better than wasting electric energy on mining rigs.
Here's a stupid question but does this mean that PoS tokens are more newbie friendly?