Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: [Megathread] The long-known PoW vs. PoS debate
by
pooya87
on 09/06/2022, 02:56:57 UTC
⭐ Merited by JayJuanGee (1)
What would "cost" more, the cost of printing enough fiat currency to buy > 51% of "POS Bitcoin" coins, or the cost of printing enough currency to have > 51% hashing power in the Bitcoin network?
You don't need some hypothetical scenario that involves printing money, we have actual cases that happened in shitcoins that have PoS algorithm in the past like the case with Steem network where exchanges took over the chain simply because they held a large number of that shitcoin without spending a dime.
https://bitcointalk.org/index.php?topic=5387588.msg59383033#msg59383033