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Altcoin Discussion
Re: rpietila Altcoin Observer
by
Johnny Mnemonic
on
21/08/2014, 01:56:36 UTC
PoW is an expression of value transfer (the expense of one resource to create another). I realize this is a major simplification, but if PoS can't represent some measure of GDP than it's security is irrelevant. It fails the most basic test.