i think i get it
tangentc is just jealous that some people work and put effort in and get rewarded for those efforts, and he just cant cope with not getting paid for doing nothing, so wants to fight and argue that bitcoin should change and reward leachers that dont offer anything to bitcoins security.
what he does not realise is in proof of stake, there is still only a set number of blocks made a day and only a set amount of reward per block. if a PoS coin actually became useful to a wide userbase, where the coin attained value. those 'stakes' no longer allow everyone to get paid.
(too many people fighting over limited slices of pie)
instead only a few hundred 'stakes' out of millions would get paid a day.
where those few hundred 'stakes' would be the ones with the highest value(rich/elite) stake in play.
but hey, tangentc does not care about value. nor security which would cost an attacker billions to fight to break the security. all he cares about is trying to get his hands on some free pie, no matter the consequence
tangentc is just jealous that some people work and put effort in and get rewarded for those efforts, and he just cant cope with not getting paid for doing nothing, so wants to fight and argue that bitcoin should change and reward leachers that dont offer anything to bitcoins security.
what he does not realise is in proof of stake, there is still only a set number of blocks made a day and only a set amount of reward per block. if a PoS coin actually became useful to a wide userbase, where the coin attained value. those 'stakes' no longer allow everyone to get paid.
(too many people fighting over limited slices of pie)
instead only a few hundred 'stakes' out of millions would get paid a day.
where those few hundred 'stakes' would be the ones with the highest value(rich/elite) stake in play.
but hey, tangentc does not care about value. nor security which would cost an attacker billions to fight to break the security. all he cares about is trying to get his hands on some free pie, no matter the consequence
No Franky, you don't get it at all.
Your lack of research on the capabilities of Proof of Stake is showing.
1. Proof of Stake coins transaction fees can be burned, thus as coin transactions increase, this will act as a way to lower the total # of coins.
* Note another one of PoW failings, is the day when no new PoW coins are created , transaction fees of PoW coins have to skyrocket to offset the lost rewards*
Just another reason why PoS is superior to PoW in the long run.
If you have not been an early adopter of Proof of Waste bitcoin, do you really think, you be pushing a product that wastes more energy than a country with no increase in performance or security. I include security, because the same 4 mining pool operators (Bitcoin weakest link) are all that is stopping a 51% attack no matter what bitcoin energy waste. I think you be more honest that that, if you did not personally have a large financial skin in the game on the PoW bitcoin side.
