Post
Topic
Board Bitcoin Discussion
Re: PoW vs PoS
by
BlackHatCoiner
on 19/12/2021, 08:53:41 UTC
Everyone that has researched proof of stake, knows N@S is nothing more than propaganda bullshit.
What's N@S?

China (formerly bitcoin's largest hash rate miner) has banned it and multiple other countries are talking about following suit.
China's government haven't yet banned themselves. Do you seriously believe PoW will be forbidden by every location on Earth? It seems unrealistic, especially when the majority of the hash rate comes from renewable sources of energy.

Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
At first, you say that XRP does not run with PoW neither with PoS. Afterwards, you use an “instead” and state that they rely on a consensus protocol. May I conclude you don't think PoW and PoS are consensus protocols?

In PoW, their is no financial incentive to be a full node. IE: a major flaw in BTC as the blockchain grows.
And the storage becomes cheaper to possess... Besides, why should there be a financial incentive to run a full node? Running a full node is mostly a personal service and doesn't contribute to the network much.