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by ancharm 2000 days ago
Does bitcoin moving to a proof-of-stake algorithm change your opinion?
3 comments

What is the difference? Maybe at the start, but after rich entities will buy the most, they will only need to decide whether to buy "shares" or hardware, a random person will not have more say either way.
I recommend looking up the pareto distribution.
But bitcoin is not moving to a proof-of-stake algorithm, .. there are a lot of alt coins trying that and flailing around with that notion.
Several coins started off with proof of stake and aren't flailing arguably.
It is a good idea but doesn't address several other points of critique in this post.