Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
Peter R
on 29/04/2014, 16:41:57 UTC

Doing work doesn't entitled to anything. You can dig hold and refill them with the soil you just extract all day long, nobody in his right mind will pay you to do so.


Paul Krugman has suggested exactly this.  

In fact, I bet Paul Krugman would simultaneously support PoS and paying people to dig holes and then fill them in.  He would say the PoS is superior because it saves energy, and then he would say that PoS share holders should create more shares to pay people to dig holes and fill them in to keep the economy going.