Zooko talking about PoS. PoS vs PoW Discussion


#142

I disagree. Let’s examine the POW spending pressure:

  • you have pressure from your current/future hardware investment
  • you have monthly pressure paying electricity bills.
  • you have pressure paying mining pools while mining, 1-2% isn’t that low if you think about it.
  • some others minor issues and expenses…

Analyzing this sell pressure doesn’t do any good for yourself. You don’t buy or use anything of the above for yourself, absolutly nothing of this, neither you paid your taxes with it, nor anything. Even worse, it’s a sell pressure that forces huge amounts of money out of crypto space. Worst case for every crypto believer that thinks a bit more about it.

IF you want crypto to be used, the sell to FIAT pressure must be eleminated in my opinion. Crytpo should stay in Crypto and this would really free up resources/crypto to purchase other things.

Come on, i’am a POW miner myself. Sometimes i think about using my mined crypto and than i have to do the calculation that at current price my investment didn’t ROI yet and that at this price with the current expenses i can’t use that given coin yet… And as said in the post above this, i allready spend daily my POS rewards for other things, absolutly daily, and i’am pretty sure that’s more real spending than most POW miners are doing.


#143

Why would you need to use a VPN? What are you hiding? Sorry I just see the need.


#144

I think he meant VPS, that costs 5$ / month not sure why he would need VPN.


#145

to connect from outside to home?


#146

Sorry, typo, VPS of course, was writting while drinking my morning coffee.