(Proof of stake) Existing coin holders are determined by the state of the ledger, and the state of the ledger is controlled by the existing coin holders- a perpetual motion machine based on circular lodging that doesn’t have a high fault tolerance.

A proof of work system uses energy as that external architect of truth, which creates a history with unforgeable costliness, and is what makes the system robust

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a Broken Money

#bitcoin