Friday 7 May 2021

Arguments for Proof of Work


Since there is more and more nonsense coming up, I'm looking for a nice site (or even building one) for arguments FOR proof of work.What are your best arguments for proof of work?I already have:SecurityUnlike POS, you have to spend money in advance to be able to attack the network (buying miners,...). With POS, you only need to buy coins to start and you can sell these coins again (or use them to short the price)Also POS allows to confirm multiple chains easily for double spend attacks, but on POW the energy which you used to produce the blocks is consumed and you cant get it back.Do you know more? I will update this post with your answers! via /r/Bitcoin https://bit.ly/3utg1Sc

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