Hacker News new | ask | show | jobs
by renewiltord 1625 days ago
Well, because it's not like PoS is just making PoW more efficient. You have no way to turn that extra energy into more stake.

It's like if I paid you previously for every strawberry you bring me, and now I pay you for how old you are. Previously, for 100 strawberries I gave you $20, and now for every 20 years you are old, I give you $20/hr. Now you need far fewer strawberries to make the same amount of money, but that doesn't mean you can now make more by giving me strawberries. You have no way of converting strawberries into age.

1 comments

Thanks, I think I kind of get it now. But now my follow up question is, what stops me from just recruiting, say, nine other people at least as old as me, give them each 10 strawberries, and then collecting the payout afterwards?
Haha, I'm sorry, I didn't mean that as an analogy for PoS. Just to make the point that it's two resources which can't be converted.