Do the Rich Get Richer? Fairness Analysis for Blockchain Incentives — mentioned by thesz

Fri, 24 Sep 2021 15:56:18 GMT

Proof of stake leads to "rich gets richer" situation [1]. Proof of work is much more fair, it appears. [1] https://arxiv.org/pdf/2103.14713.pdf This particular paper shows that every proof-of-stake variant is fallible into the "rich get richer". That means these PoS schemes do look like shitcoins, not the other way around. Given that and given that I do not like Biticoin in any of its capacities (PoW is not even the most wrong thing with btc), I would like to advise everyone to hate all cryptocurrencies equally strong.

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Do the Rich Get Richer? Fairness Analysis for Blockchain Incentives · HackerPapers discussions

Do the Rich Get Richer? Fairness Analysis for Blockchain Incentives — mentioned by thesz