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Question for Cryptotards

 
Anonymous Coward
User ID: 74163527
Sweden
10/29/2017 07:05 PM
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Question for Cryptotards
What is your opinion on the future of Proof of Stake?
Is it an energy efficient way of "mining" or is it an unfair system where the rich get richer and disencourages liquidity when all coins are kept in wallets?
Anonymous Coward
User ID: 75658765
United States
10/29/2017 07:43 PM
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Re: Question for Cryptotards
Future is huge for staking coins to get dividens for processing transactions as volume increases.

Staked coins do not impact liquidity as the bulk of low value transactions occur on smaller parts of coins as the coin value increases, there is plenty of room with accounting millionths for anyone to buy in. Transaction speed and transactions per block are much more of a problem at scale.

POS is ideally less centralized than POW mining as the hardware requirement is minimal, running nodes on phones for instance. More nodes increases security and speed.
Anonymous Coward (OP)
User ID: 74163527
Sweden
10/29/2017 09:47 PM
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Re: Question for Cryptotards
Future is huge for staking coins to get dividens for processing transactions as volume increases.

Staked coins do not impact liquidity as the bulk of low value transactions occur on smaller parts of coins as the coin value increases, there is plenty of room with accounting millionths for anyone to buy in. Transaction speed and transactions per block are much more of a problem at scale.

POS is ideally less centralized than POW mining as the hardware requirement is minimal, running nodes on phones for instance. More nodes increases security and speed.
 Quoting: Anonymous Coward 75658765


Thank you for your answer. Sounds like POS will be the future standard.





GLP