Post
Topic
Board Development & Technical Discussion
Re: POW vs. POS
by
aliashraf
on 20/08/2018, 22:20:15 UTC
@Zin-Zang

AFAICS, this conversation is becoming too chaotic, I suggest you choose just one topic, like energy waste of bitcoin (your terms) and simply prove my arguments about the irrelevance of your claim, wrong. Although I've clearly stated everything necessary in this regard for your convenience I try to make another brief argument here:

1- Bitcoin and PoW generally, consume energy to keep the network safe against unfaithful behavior of malicious participants. It is irrelevant to call it a 'waste' because it is one of the most useful use cases for energy ever: decentralizing money.

2- The coins generated in PoW, have objective value because they have been produced by consuming resources like any other asset (other than fiat currencies). PoS generated coins are just like fiat, they come from nowhere and have no value.

Now, in just 2 short paragraphs refute my arguments above.