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by qertoip
1950 days ago
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Precisely the opposite, Sir. Employing PoW to protect against Sybil attack in anonymous network is the very invention that made Bitcoin possible. Without PoW you must ID participants, which makes system trivial to regulate or shutdown (see Facebook Libra, or security fraud case against Ripple). And no, PoS isn't the answer, because PoS implies a handful of biggest exchanges control the coin, because they genuinly stake the most. If Bitcoin was PoS, Mt Gox would run Bitcoin to this day! |
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