Is proof of stake rent seeking? I mean in the sense that rent seeking does not add value but rather increases one’s stake in an asset?
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Any crypto mining is rent seeking, why would proof of stake be any different from proof of work on that? People don't mine Bitcoin blocks by hand
*any crypto mining can be rent seeking
Really need edits on nostr
There is a distinction to be made , no? PoW is expensive and staking isn’t.
Doesn't make any sense. If you're not making a profit on mining, you make a profit on holding. If you can't make a profit on mining or holding, that's probably due to failure, not generosity
Also, Ethereum is on a weaker market value trajectory than Bitcoin, not stronger
So if you were somehow making mining a liability, it would be easier with Ethereum
Yes, **Proof of Stake (PoS) resembles rent-seeking** since it rewards existing wealth without adding real value, unlike **Proof of Work (PoW)**, which requires energy and effort. PoS validators earn more simply by holding assets, creating a **“rich get richer”** system. Is PoS just financial aristocracy, or a fair consensus model?
#Bitcoin #PoS #PoW #RentSeeking #asknostr
This makes no sense. People don't mine Bitcoin blocks by hand, commercialized mining is always rent-seeking