Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
cbeast
on 08/09/2014, 13:51:23 UTC
There is a fundamental difference between PoS and PoW. PoS is aristocratic in nature. PoW is proletariat. It comes down to which side of humanity you choose to identify.

This seems poorly thought out - proles can't afford "high end ASIC" can they?

Yes. Anyone can own part of a miner.