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Redpill me on Proof of Stake. I watched a couple videos on youtube

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Anonymous
2017-09-07 06:12:36 Post No. 3382010
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Anonymous 2017-09-07 06:12:36 Post No. 3382010 [Report]
Redpill me on Proof of Stake. I watched a couple videos on youtube on it and I get the benefits, but isn't cryptography-based proof of work and prime number factorization literally the entire fucking point of making bitcoin valuable?

It seems to me like PoS is based on not the amount of "math" solved for your coins, but the amount of coins you have. So the amount of coins you have determines the amount of coins you have. And then all that artificially premined currency is made deflationary artificially. Wut?
>>
Anonymous 2017-09-07 07:39:24 Post No.3383126
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Anonymous 2017-09-07 07:39:24 Post No.3383126 [Report]
>>3382010
>Redpill me on Proof of Stake. I watched a couple videos on youtube on it and I get the benefits, but isn't cryptography-based proof of work and prime number factorization literally the entire fucking point of making bitcoin valuable?
>It seems to me like PoS is based on not the amount of "math" solved for your coins, but the amount of coins you have. So the amount of coins you have determines the amount of coins you have. And then all that artificially premined currency is made deflationary artificially. Wut?
POS => Inflation unless you stake (which costs money) Since you need to leave your wallet open. And if you do not stake you are loosing Money

POW => People are rewarded for investing time and money into mining shit.

I like POW a lot more then POS.
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