Hacker News new | ask | show | jobs
by ryebit 1877 days ago
Except under mining, increased investment opens up access to better equipment like ASICs, access to cheaper energy agreements, etc. But no amount of $ unlocks the ability to validate faster (per unit staked).
1 comments
PurpleFoxy 1877 days ago
And then everyone gets their hands on this tech so the mining difficultly goes up and you are back to square one.
link
ryebit 1877 days ago
History of stuff like Antminers has been stages of private access, high end market, then low end ...

But while products are moving down those stages, more wattage-efficient ones are entering at top.

I think you're right that ROI curve will get closer to linear (utility costs aside), but I don't think it's going to be a very fast progression.

link
ryebit 1877 days ago
To clarify: I don't think proof of stake is perfect.

I think the original pie in the sky dream, as hinted at in the Bitcoin white paper, was for decentralization through anyone (all the way to students in their dorms) being able to participate in consensus.

I don't think proof of stake gets things all the way there, but I think it does get closer to a linear ROI curve, compared to how proof of work is right now.

link