Replying to Avatar 🫎

I don't really see the point, would a smart contract be more systemically secure than old fashioned paperwork? It would have to be based on proof-of-work to gain security benefit.
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galegooâš¡ 2y ago

old fashioned paperwork can be forged or falsified, a secure blockchain cannot.

yes, I do have some concerns with the decentralisation of PoS. just discussing the usability of smart contracts (and, by extension, NFTs)

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🫎 2y ago

There is no way to physically verify that any PoS protocol is decentralized and thus is systemically vulnerable to exploitation and abuse.

That's the bottom line, PoS can't be trusted, humans can't be trusted.

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galegooâš¡ 2y ago

I do agree that PoW is a far superior method to PoS