Is it really that different with proof of work? In the end the control is going to end up with relatively few entities that have the resources to build large scale mining farms…
It’s better than proof of work, even though both of them reward people who already have resources.
I’ve been interested in the G1 currency system. (Pronounced June) Participants are all issued the Universal Dividend each day. Sort of bootstrapping universal basic income. Current issue is it’s pretty much limited to France because you need five users you’ve met in real life to certify you.
Interesting project. Very very hard to get into. I wish they had more examples of distributions if you have a lot accumulated VS new members VS old members VS someone who had a lot but spent it all. They say it all converges but it’s not well documented.
To me the PoS always sounds like the current system we have - the richer you are, the more power you have
Is it really that different with proof of work? In the end the control is going to end up with relatively few entities that have the resources to build large scale mining farms…
It’s better than proof of work, even though both of them reward people who already have resources.
I’ve been interested in the G1 currency system. (Pronounced June) Participants are all issued the Universal Dividend each day. Sort of bootstrapping universal basic income. Current issue is it’s pretty much limited to France because you need five users you’ve met in real life to certify you.
Interesting project. Very very hard to get into. I wish they had more examples of distributions if you have a lot accumulated VS new members VS old members VS someone who had a lot but spent it all. They say it all converges but it’s not well documented.