Post
Topic
Board Development & Technical Discussion
Re: [Megathread] The long-known PoW vs. PoS debate
by
BlackHatCoiner
on 02/03/2022, 09:42:26 UTC
The core principle of having a cryptocurrency is to avoid central points of failure; in other words, it's decentralization. As I've already mentioned:
The point of it is decentralization. There's literally no other reason to distribute a database if it's not to avoid the central point of failure. If this isn't your project's priority, then you're doing things wrong.
If the mechanism that is used centralizes the economy, then the system is faulty. I'm not saying that it doesn't work, but in the long term, it's going to be problematic. We've already covered that PoW decentralizes the economy due to uncertainty and mitigation of voting's unequal distribution. It has already been underlined that it's resistant to subjectivity opposed to PoS.

In which of the above do you disagree?

PoS coins can stake as easy on a laptop in the house or on a VPS or an exchange pool in a crypto friendly country.
Which introduces trust, a problem that is meant to be solved. That's the purpose of a cryptocurrency after all.