Post
Topic
Board Bitcoin Discussion
Re: Proof of stake mining of bicoin
by
inBitweTrust
on 27/12/2014, 08:37:08 UTC
Don't forget bitcoin gets a lot weaker at every halving.
Good luck having your wealth in a POW coin with inflation below 2%.

Define "weaker" in your suggested context and provide historical evidence to support this claim.

Originally PoW was used Satoshi as a way to roll a lottery and to protect against a Sybil attack. Later, Bitcoin holders created a myth that resources must be wasted to give value to bitcoins (is anyone surprised by such their behavior? Smiley)

Great. I would like to hear some of your opinions on what aspects PoW maintains that are superior to PoS, if any.