https://hackerpaper.kaipfister.de/p/1907.02434/Collected HN comments and submissions linking this paper.enMon, 02 Nov 2026 11:16:22 GMThttps://news.ycombinator.com/item?id=25986962urn:hackerpapers:mention:1907.02434:25986962Mon, 01 Feb 2021 09:11:30 GMT<p>&gt; Proof of Stake not only replicates the same dynamics that Bitcoin was designed to eliminate (more wealth -&gt; more power in system) Bitcoin may have been _aimed_ at eliminating the &quot;rich get richer&quot; system, but in fact it failed at it, as others comment below. It has been formally shown [1] that investors who have enough money to buy the most efficient ASICs out there earn disproportionately more, compared to smaller investors who can only afford less efficient ASICs/GPUs; in contrast, in PoS every investor has a fixed ROI for each one of their $ (regardless of their total investment); as…</p><p><a href="https://hackerpaper.kaipfister.de/p/1907.02434/">Paper and discussion history</a>. A mention is not an endorsement.</p>cs.CY