All I'm saying is that with Proof of Work you can prove that large amounts of work went into creating every single block given the large proof of work. A programmer or someone who knows what they are doing can verify that you are on the correct Proof of Work blockchain. That is impossible with Proof of Stake any more than it is possible with program encoded checkpoints.
With Proof of Stake , you can look back and prove a Large # of coins went into creating every single block.
A programmer can look at a chain PoS or PoW and verify which is currently longer and has a higher difficulty.
There is no verification he is on the correct chain except for which blocks the majority agreed is the right chain.
IE:
BTC/BCH/BSV all started with the exact same genesis block and have a few years of the exact same hashrate until recently.
They will uses checkpoints to determine which is the correct chain for each of the 3 forks.
And the argument the higher hash rate determines the chain is nonsense, otherwise their would not be 3 forks. (Actually much higher.)
If BCH or BSV reached higher hashrate than BTC in the next 3 years, by your imagination it is now the correct chain,
however the BTC users will never agree to losing years worth of transactions so they will issue checkpoints to prevent it.
The Majority using checkpoints makes a conscience decision which chain is the correct chain, hashrate is irrelevant to their decision,
the only thing they consider relevant is the effect to their own wealth. (Therefore your correct chain is always slanted to Majority Control of it's full nodes software.)
You want the falsehood that PoW grants some true chain that can't be denied , but you underestimate that fact all chains are subservient to the shared Program code, which is why even the minority can determine a weaker hashrate be the so-called correct chain for their coin.
The Majority will always choose the chain that holds their best interest no matter the hashrate.
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The fact PoW is consuming an insane amount of the world's resources without any increase in it performance is more important than your fantasy.
Agreed. And no, I'm not suggesting that Proof of Work is the answer. I don't believe it is. I believe the true answer is Proof of Person where everyone links together forming a social network, people vouch for each other, as well as the current blockchain. And everyone starts equal, heavily incentivizing people to switch and everyone earns their sharing of the money made via mining. While I'm at it, Proof of Person should also stabilize in price long before it reaches the current number of users as Bitcoin. Let me know if you are interested in learning more.
You Do realize your Proof of Person InDirectly is really a Proof of Majority.
