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by keymone
1838 days ago
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Nothing is slashed if attacker doesn’t publish the alternative chain until they have successful attack. PoS is absolutely driven by rich and helps rich get richer faster than everybody else. If I get 10% stake - I get 10% of any future issuance, meaning my stake can never go below 10%, so my power in the system never dilutes even though I literally don’t have to do anything anymore. Miners in PoW have to participate in mining and their power can get diluted by anyone by simply getting more hardware online. PoS doesn’t work. |
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There isn’t a cap on validators so you can’t buy up a fixed percentage of the network. More people can always join. You will be diluted over time unless you choose to reinvest(same as mining).
As we reduce the hardware costs and energy usage costs it becomes easier to participate in the network (especially via pools, same as mining but much much cheaper).
Being able to run a validator on a solar powered raspberry pi is a great improvement to making participation in the network accessible. We should see the exact opposite of what you suggest, anyone who wants to participate not having energy or hardware restrictions should make it less Matthew-effect-like.
PoS increases both the cost of a direct attack on the network as reorganised/51s are more expensive to perform with slashing mechanisms in place, and also removes the threats of supply line disruption by either nation states or cartels forming to control the flow of the hardware.
PoS is great.