MFW i watch people buy bitcoin and bitcoin cash when NEITHER of these coins are gonna make it
- proof of stake > proof of work especially as we become more eco-tarded
- scarce/limited MONEY?? yeah fucking right. the world will not be paying with these.
- the actual tech innovation is in SMART CONTRACTS, not paying for your sandwich with .00001 bitcoins
MFW i watch people buy bitcoin and bitcoin cash when NEITHER of these coins are gonna make it
Nathan Thomas
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Jason Sanchez
dude XRP lmao
Asher Wright
Mind telling me why PoS is better than PoW? Thanks
Ayden Cook
Because PoW burns billions of dollars worth annually, while PoS burns close to zero.
These billions of dollars are obtained by miners by selling coins depressing prices.
Right now ethereum has higher % inflation than bitcoin, but it's going to end in 2018. Eth is going to explode when that happens.
Carter Evans
Are you shilling Ethereum, Lisk or NEO or what
Luis Cox
It isn't. It's a shell game of burning resources. People think that because pos does this indirectly instead of directly it saves energy. It doesn't. This is not a straight refutation of pos, but it isn't a direct drop in fix-all.
Lrn2econ
Luke Gonzalez
How does it "burn"? Sorry im actually retarded...
Grayson Rogers
He means burn as in burning piles of money and energy. It's a metaphor for a waste of natural resources
Brody Johnson
POS only works with really low inflation.
Carson Parker
PoS doesn't burn money 'indirectly'. Do you even know how it works?
Hudson Thompson
I didn't know you could run this whole blockchain without storage or constantly connected computers. It just rewards users with a different incentive mechanic and has a SIGNIFICANTLY lowered bar for 51% attack.
Do YOU know how this works?
John Richardson
Yeah tell me what to buy 4chin
Ayden Turner
>I didn't know you could run this whole blockchain without storage or constantly connected computers.
Insignificant
>It just rewards users with a different incentive mechanic and has a SIGNIFICANTLY lowered bar for 51% attack.
The opposite, PoS is MUCH harder to attack because validators risk their whole stake.
Nolan Cox
Proof of stake is not tamperproof. Sorry bud. No shortcuts
Austin Martinez
Alexander Powell
>ETH as a day-to-day currency
Stop that. Also Proof of Time and Space seems promising too
James Richardson
Most of the energy used in mining bitcoins is doing sha256 hashing. (not even all of it)
Jack Barnes
What challenges does ETH have in becoming day to day currency?
John Gray
You can’t generate multi billion dollar market caps out of thin air
Both bitcoin and BCH will crash extremely hard very soon
Christopher Carter
I am not sure what you're trying to say here, market cap is merely price*supply, it is thin air
Wyatt Brown
Retarded code bugs causing lost coins.
Centralized control means code and policy can be subject to government influence and seizure of funds is possible through blacklisting.
Decent inflation.
Jason Long
>Retarded code bugs causing lost coins.
Good to see this being used where relevant, whether direct or indirect this will play a role in adoption especially in terms of a broadly used currency.
>Centralized control means code and policy can be subject to government influence and seizure of funds is possible through blacklisting.
There's two sides to this and any government approved shitcoin is going to fare better in terms of mainstream use in the foreseeable future. On the other hand there are coins that look much better in terms of being able to hold up a minimum value as currency were everything to be outlawed.
>Decent inflation.
Inflation encourages spending and investment in the ecosystem