Hacker News new | ask | show | jobs
by rank0 1597 days ago
Crypto is in a rough spot rn regarding consensus mechanisms. POW is seen as unsustainable, but pos is sheer plutocracy. I would rather have pow and accept the environmental damage rather than centralize the fuck out of what was supposed to be a financial revolution “for the people”.

XMRs randomx pow algorithm is a step in the right direction for sustainability and decentralization.

Inb4 “pow actually has a larger barrier to entry!”

Consider this: at least mining operations have to cover their op expenses by selling their rewards.

With pos, there’s an incentive to put your rewards back into your validator pool further restricting supply for the general public.