Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
SlipperySlope
on 21/08/2014, 04:41:40 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.

My CPoS scheme will directly test this hypothesis and will certainly fail if you are right. In contrast, perhaps cryptocurrencies are valuable solely because some people think they are valuable.