I think this is nice, it forces people that want to participate to have skin in the game.
With proof of work there is incentive for people not invested in crypto to mine as much as possible and sell everything.
If a big enough computer is created, someone not interested in crypto can take money away from it, or if the computer is big enough even destroy it, a quantum computer for instance, should make a 51% attack on a network as proof it is a quantum computer.
I know it is unlikely, I myself think is impossible. But the incentive is there.
With proof of stake there is no incentive to do it, a 51% attack is idiotic since you have to buy so much.
Imagine if people voted or staked dollars to decide how many dollars the Fed or ECB should print. It looks like it had been suboptimal for most of history that s why the previous monetary systems successively failed. Maybe there is some kind of game-theoretic gradient that leads to monetary failure by default, which needs to be fixed by central banking . But there is no place in the world where people vote their central bankers, they are among the most opaque world leaders out there.
>If a big enough computer is created, someone not interested in crypto can take money away from it, or if the computer is big enough even destroy it, a quantum computer for instance, should make a 51% attack on a network as proof it is a quantum computer.
With proof of work there is incentive for people not invested in crypto to mine as much as possible and sell everything.
If a big enough computer is created, someone not interested in crypto can take money away from it, or if the computer is big enough even destroy it, a quantum computer for instance, should make a 51% attack on a network as proof it is a quantum computer.
I know it is unlikely, I myself think is impossible. But the incentive is there.
With proof of stake there is no incentive to do it, a 51% attack is idiotic since you have to buy so much.