[cipherpro]

Proof of stake is a solution to both the mining problem and scalability. Proof of stake, from a hardware perspective means professional machines being wholly dedicated to block production. This filters out smaller market participants who host nodes. This centralizes the network a bit, but not enough to make it not state power resistant. The trade off is enough scalability to fit current demand, and better and more efficient service as a global open computer. The bet of proof of stake vs work is really how much do we think states can influence the meme of blockchain’s uncheatable ledger, and if increases in performance is worth the risk. Either, due to the open properties of blockchain, we’ll likely see both situation play out in the open market.