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by reedjosh 1489 days ago
Conflating the two things like this is completely ignorant.

Buying Bitcoin miners at first requires you to spend the Bitcoin.

Mining may help you gain Bitcoin, but it doesn't much allow you to control Bitcoin.

Pos literally gives you voting power over the currency's ecosystem just by having more of it. It completely concentrates control, and then it also returns gains to those with the larger stake (more wealth in said currency).
1 comments
iownzerobtc 1489 days ago
If you have significant fiat capital you can easily purchase mining power in PoW. Similar with purchasing validator power in PoS. The two are equal in that regard. Where they differ is that PoS is more resilient to 51% attacks of this nature than PoW is.
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reedjosh 1488 days ago
> PoS is more resilient to 51% attacks of this nature than PoW is.

Pretty sure you got that backward.

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iownzerobtc 1488 days ago
Details:

https://vitalik.ca/general/2020/11/06/pos2020.html

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