⭐ Merited by pooya87 (2)
after doing dev work with ethereum and bitcoin it seems that both consensus options are blatantly fairly flawed. POW has obvious scaling issues and POS seems like a bandaid solution with wealthy people automatically being allocated more currency through an infinitely compounding cycle. Is the crypto/blockchain community not open to new type of consensus? It seems like POW and POS just keep getting updated rather than addressing the real issue and switching base mechanisms. Do others just not see issues with POW or POS?
Not sure how POW is connected with scaling issues? What exactly do you mean? Please elaborate.
With POS it's sort of clear - selling/giving control of the blockchain to billionaires/corporations. Never gonna happen to Bitcoin (hopefully). With the transition to POS, ETH was a shitcoin since day 1 but after POS it turned into a complete shitshow.
