Post
Topic
Board Development & Technical Discussion
Re: Proof of Presence?
by
gglon
on 17/12/2013, 20:45:48 UTC
Would you mind elaborating on how it would undermine the economy please?  I am still quite uninformed on the intricacies of bitcoin.
Well, proof-of-stake as it is implemented in other cryptocurrencies is based on the annual inflation. Which means that PoS miner will gain on average x% yearly for keeping coins on active full node. To circumvent the effect of inflation, the tx fees are no longer paid to the miner - they are destroyed.