Topic: The reason why POS makes zero sense (Read 106 times)
Proof of stake accomplishes literally nothing. You know why? All you need to do to create a POS coin is create a POW coin that is deflationary. Sure you aren't increasing peoples coin numbers, but you are increasing peoples coin value which is the exact same thing. The most common way to make a deflationary coin is to limit the supply. like 21 million bitcoins or 84 million yenten. Or you could do what monero does and have a limited inflation rate of 1% per year tail emission, but very likely demand will be greater than 1% per year so it will still be net deflationary and increase coin value which in turn increases peoples coin value for holding it which is no different than POS. No stupid POS airdrops needed!
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