Post
Topic
Board Altcoin Discussion
Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS
by
LiQio
on 13/11/2014, 10:23:38 UTC
[...]
I am entrusting the miners that need to collaborate and play fairly to profit.

[...]
otherwise you are "relying on the good will" of humans again.

Seems like a contradiction, could somebody please clarify?
There is no good will or bad will, just economic will in PoW. If you do the right thing to obtain maximum profit possible from mining, you are actually obeying and enforcing the protocol rules. It's that simple. Do the wrong thing and you lose.

Maximizing profit doesn't have to be equal to your "doing the right thing" or to reverse it "doing the wrong thin" might make you a winner.
You are oversimplifying, sorry.