Mathias on Nostr: How is POS and fiat related? Excuse my incompetency I've just started to dig in these ...
How is POS and fiat related? Excuse my incompetency I've just started to dig in these matters and appreciate all the guidance. When I read about POS vs POW the former seems like he better approach because of the low energy footprint. If used correctly, random selection of transaction validator should be as secure as hardware crunching no? And if you're worried about a few having many stakes to vote and as such gains a lot of power the same can be said about bitcoin and the few who owns a lot of the mining rigs?
Published at
2023-08-23 19:39:36Event JSON
{
"id": "ee5515eb221680c02f60f024e82f6f5160715d508714f1135615cdfbd77c0d49",
"pubkey": "ac45e3b206dcf0986f44a98a30a4e3a5d349b4b462408a419a1424d79ec49883",
"created_at": 1692819576,
"kind": 1,
"tags": [
[
"e",
"b5fb3deff8c4a1095954ae4e96cf272ede4a7f96e2085a1744bef8b95f305177",
"",
"root"
],
[
"e",
"d301f968bd22abf2692bd0df88ac09a529adb8cb3c5972d25fe3daa86b1ac6ed"
],
[
"e",
"000eab9466a9a32819ac04fd0f3628384312442f9d2cc55248e32757a9f30849"
],
[
"e",
"ec88d203082faa2b46b4edfc55ee80f6b05e1c696427efcfda5636e557737660",
"",
"reply"
],
[
"p",
"ac45e3b206dcf0986f44a98a30a4e3a5d349b4b462408a419a1424d79ec49883"
],
[
"p",
"269b0b280b99e4724daf5718a6c8e412c59269cc472a70b472b1acf0dec91bca"
]
],
"content": "How is POS and fiat related? Excuse my incompetency I've just started to dig in these matters and appreciate all the guidance. When I read about POS vs POW the former seems like he better approach because of the low energy footprint. If used correctly, random selection of transaction validator should be as secure as hardware crunching no? And if you're worried about a few having many stakes to vote and as such gains a lot of power the same can be said about bitcoin and the few who owns a lot of the mining rigs?",
"sig": "4d8c1854cb36fba154795e85c4962dc446f6c78d4077db07aa13af94e706fafeef43647b28f3d0cb5926c7dd20f64f110583ed33b92b1bc1764a2d1f5db95db0"
}
