[Analysis] What’s wrong with Proof of Stake? - Bob McElrath
Proof of Work is a value anchor for cryptographic assets because of the real world expenditures behind mining. Unlike tradition systems, the database is the asset. Proof of Stake is not nearly as robust due to forking concerns. Bonding and other PoS chain continuance rules are incomplete and lead to difficult governance decisions. Even disregarding these issues, PoS coins are costless to create and therefore valueless.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.