Hacker News Reader

PoS deserves research but it's far from shown itself to be viable as the dominate consensus mechanism.

A lot of research was done by heavyweights for PoS in 2012 and 2013. The consensus was that it was a fruitless pursuit and that PoS could not match PoW in terms of security and decentralization.

Several papers have been written about it.

https://download.wpsoftware.net/bitcoin/pos.pdf

Well, as you may know it's currently being used in some coins like bitshares [0] and it works fine, Ethereum also is migrating to PoS [1]. So the consensus for a lot of people in the ecosystem is that it works.

[0] https://bitshares.org/technology/delegated-proof-of-stake-co...

[1] https://www.coindesk.com/ethereum-casper-proof-stake-rewrite...

I'm just trying to not be absolutest by stating it can't work. I'm in the camp that believes it's just obfuscated PoW.

Reply on news.ycombinator.com