It is so misunderstood....
The only way to grow your chances of winning a block is by allocating capital. This is not saying that no work is taking place.
Please acknowledge the first sentence stating that *in a way* mining is Proof-Of-Stake. I am not saying that mining does not require any work to take place.
I see where you’re coming from, but I think comparing investing capital into building infrastructure to simply locking capital as tokens is a bit of a stretch. Tokes don’t depreciate through usage. Your infrastructure does. Tokens don’t require upkeep, your infrastructure does. And tokens don’t have the same amount of variable parameters that determine your success of return on investment. E.g. power prices, supply chain issues, staffing issues, skill and knowledge issues etc.
I don't think the concepts of Proof-Of-Stake is limited to locking tokens. Just like the concept of Proof-Of-Work can be found in the real world outside of Bitcoin mining.
The idea of Proof-Of-Stake is that initial capital gives you a head start.
Proof-Of-Stake is not necessarily evil UNLESS you apply it to dictates the rules of money.
Then I think our definitions of proof-of-stake differ. Initial capital can give you a head start, sure. but you’ll still need to know how to use it. There’s countless examples in the real world of business squandering opportunities despite having had a head start. With capital or otherwise. To get back to your earlier posts: just because one of the miners has more capital, doesn’t automatically mean it’s gonna be more successful. The probability might be higher, but it’s not a guarantee.
I agree with all this. I don't think Proof-Of-Stake = failure is impossible. I even think it makes it more likely.
A business that grew up from the ground without VC capital is stronger than one that was built on it.
This is why BullBitcoin is the Bitcoin standard of exchanges. It grew up from the ground up with very little starting capital. Most of the growth was obtained by generating profits. Because of that I cannot imagine BullBitcoin failing ever. It's a strong business. Pure Proof-Of-Work.
