Quote from: CryptTech on October 23, 2019, 10:30:40 AM

Quote from: charlie137 on October 23, 2019, 03:58:08 AM

Quote from: CryptTech on October 22, 2019, 07:05:34 PM

Quote from: charlie137 on October 22, 2019, 07:52:34 AM

Quote from: AXEwang on October 21, 2019, 04:17:21 PM

Quote from: isanneld on October 21, 2019, 09:45:46 AM

Hello! What does thats mean (POSe)? It's POS or something new?

POS means you only need to hold the coins to get rewards, PoSe has a labor component, you need to set up a masternode and maintain it, providing a service to the network, which make a PoW coin much more resistant to attacks.

id say it means more. the whole idea of the blockchain was (?) to decentralize "the ruling power". proof of stake does exactly the opposite - its centralizing coin generation around biggest wallets.

In your opinion PoS is a hidden centralizing ?

its not hidden and its not just my opinion - thats only how it works, no? simply put - biggest wallet equals biggest chance to mine the block. correct me if im wrong.

Quote

In PoS-based public blockchains (e.g. Ethereum's upcoming Casper implementation), a set of validators take turns proposing and voting on the next block, and the weight of each validator's vote depends on the size of its deposit (i.e. stake).

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

i tho think that eth is moving to PoS because btc with lightning can provide better smart contracts. and asic-resistance is only resistance Grin

better to spend these resources on something more useful than just fighting agains the bitmain (which dominance is already under big question?).

That's right, as well as for PoW, if you are a government you can build a huge mining farm and mining more than the rest, as well as control the supply of other manufacturers of mining equipment. The government can eventually control both the Internet and PoS and PoW. We need a new vision of the situation...

you forgetting that theres a bunch of different govs fighting each other. so i see nothing bad in a healthy competition that is bringing huuuge amounts of hash rate and securing the network along the way. we need more sane hands in the project, theres plently of solutions already. ever wonder how would blockchain look and feel without professional miners? check eth Grin

same shit at $1000 and $80, you pick Grin