Post
Topic
Board Bitcoin Discussion
Re: $5000 per coin will never happen if PoW mining is allowed to continue
by
DumbFruit
on 23/10/2014, 17:47:51 UTC
snip

cryptocurrency can't use the bank model for distributed consensus. But both PoW and PoS can be used for consensus, with just one difference, Bitcoin PoW spends $500 million USD per year to do it, and PoS won't.

This would be news to a lot of people. Could you explain how PoS has dealt with the Nothing-at-Stake problem?