Reading List

• Proof of stake is a scam and the people promoting it are scammers

  yanmaani

  Proof of stake is a scam. When I say that, I mean that proof of stake is (1) claimed to be a consensus system, and (2) constitutionally incapable of actually producing a consensus. To understand why this is the case, we must first study how proof of work works, to be able to see why proof of stake is not an adequate drop-in replacement for it.