* 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*
This has nothing to do with the mechanism, but with the monetary policy. Take, for instance, Monero. It will have a steady inflation after a while.
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.
Less than 1% of ADA holders own the majority of the coins.
Less than 1% of ADA holders own the majority of the coins.
Less than 1% of ADA holders own the majority of the coins.
How many times do I have to say this? Why don't you respond to it? Besides, I repeat: The mining pools don't own the hash rate, it's the miners. The miners mine the block header, they're responsible for not allowing the pool to accomplish a 51% attack.
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
It increases in security. The performance shouldn't change.
if you did not personally have a large financial skin in the game on the PoW bitcoin side
Vice versa: Can't it be your pocket talking about PoS? Supposedly, we speak objectively for each side.
Not complex , accurate
No, it wasn't accurate. It was pure irony and revealed a little bit of hate against bitcoiners.
you want rich elites to earn the rewards and the transaction fees and determine what transactions are included in the blockchain with no input from you whatsoever, sounds like a slave to me.
You keep speaking for PoW, but haven't mention the downsides of your mechanism. Again, why can't this happen in PoS? Why aren't there elites?
Updated Future Defs:
PoW = Prisoners of Work
PoS = People of Sovereignty
Cute.