Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
Peter R
on 24/04/2014, 03:32:39 UTC
The main difference is that PoS doesn't waste a bunch of electricity in doing so.

No, the main difference is that consensus is formed by those holding stake and not those willing to work.  To me it is the difference between rent seekers (PoS) and innovators (PoW).  

The miners' eternal vigilance is the price paid for freedom.