Ninjastic
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Board Bitcoin Discussion
Re: $5000 per coin will never happen if PoW mining is allowed to continue
by
kokojie
on 23/10/2014, 17:48:49 UTC
Quote from: DumbFruit on October 23, 2014, 05:47:51 PM
Quote from: kokojie on October 23, 2014, 05:45:22 PM
Quote from: DumbFruit on October 23, 2014, 05:42:36 PM
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?

How does PoS deal with a problem that doesn't exist? Nothing-at Stake is fictional, or maybe you could go ahead and show us such attack, I'll be watching.