Post
Topic
Board Bitcoin Discussion
Re: Economical mammoths versus PoW and PoS
by
stompix
on 03/07/2019, 07:54:53 UTC
Ok, let's compare.  Smiley
PoW : Pool Operators would double spend on the Exchanges and Cash Out to FIAT.

PoS:  Exchanges would Double Spend Against their-selves.  Cheesy
        Not likely and much easier to just sell all of their coins in an exit strategy.

Their-selves?
Those are not their money, it's the customer money!

You're doing exactly this:

That is a personal emotional response, of which you have every right,

PoS may not be your favorite sports team , but that does not mean they won't win the crypto Superbowl.

Well, PoW is 10 years consecutive and only champion so you should have got used to it.

The people that actually wanted to hold their own money , would run their own node.
No doubt companies would run their own in addition. Choice is there, people will be free to choose.
Their is also confusion , a staking node does not have to run 24x7 like a ASICS to avoid losing money.
Staking Nodes can run intermittently and receive stake whenever their coinage is higher,
so a staking node can be turned on, sync a month worth of blocks and then stake.
They do lose compounding, but leaving the Node up 24x7 is optional.  Smiley

People who want to stake their money, not people who want to keep their money in a wallet, big difference.
The same way people don't want to turn their asics, pos holders won't want to spend their money Tongue.
All pos coins will turn into a desert where everyone is staking but there are no fees because nobody is spending as they are all staking.