Topic: Will POS become the norm and replace POW forever? - page 2. (Read 662 times)

Well we will have more and more different type of cryptographic validation method
Anyhow yeah, POS is kinda a good validation method

The theory is kinda straightforward, You need 51% of it.
But what's the point of a 51% Attack where you perform the attack and you hold 51% of the coins?
It is kinda a suicide there
DPOS, LPOS is better somehow?

POS is more interesting for newcomers because they see a profit, but they do not understand the risks and possible easy attack on the blockchain.
That´s why I prefer the POW consensus - currently the safest one.

i think proof of stake make more sense then proof of work a lot of projects will use proof of stake in the future and adopt this green and more fair technology in the long run

To be honest I don't think that POS would really be a big thing in crypto currency unless it would have a good active project behind it or some back up to keep the price from dropping down,
I have participated so many POS in the past but most of them just end up dumping but maybe it was my fault for investing in some POS without knowing it ,
There are some POS that has been around for long time like Dash so I think it is good to say that not all of the POS crypto would just end up being worthless or being a shit coin.

POW will give benefits for big miners and that looks the same as POW. Both have a chance to be a centralized coin. POW with its asic miner's problem and POS with the whales that can buy a lot of coins to make it centralized.

POW still the best for keep Blokchain ecosystem for some altcoin, using POS for altcoin is not worth it for keep blockchain from attacker, but pos have advantages they don't need big resource for mining the coin not like POW using big resources for mining the coin, but for me POW still have more advantages for blockchain ecosystem

I think there will be platforms that utilize a mixture of consensus methods. There won't be a one best fit consensus. Take MOAC for example they have a mainchain that uses POW while the sidechains have the option to use POW, POS or any other consensus. This will allow the developerss to determine what works best for what they are deploying

I dont agree with you because in POS, how much high volume coins  you have that much high profit you will get. So POS will be benefited by the whales as they are who are holding lot of coins in their wallet so they now just have to stake them and earn free POS.

So i think both POW and POS  are having benefits and faults. Any coin can be earned high if you hold lot of coins of that project and earn high in POS

Many Altcoin projects offer POW / POS, it is one of their hooks, it is difficult to eliminate one of these possibilities, because people will see it as a weakness, investors like to see many characteristics, I think it is still feasible to support both, because Somehow people get the motivation to encourage them to continue investing and believing in technology.

Yes, I think PoW has too many inconveniences. It causes a lot of power resources to be lost when decoding blocks and investors need to spend a lot of money to buy GPUs, rent land and find businesses that sell cheap electricity.
Meanwhile, PoS decodes blocks very easily with your money. will often bring you stable interest rates.
I appreciate PoS more and PoW future will no longer be used.

Yes, PoS will basically take out the issue of requiring the processing power and the energy to complete the PoW calculation.

Generally, PoS is by all means a better solution to POW antilogarithms  and more superior arrangement as it will make the block chain more secure, definitely diminish its capacity utilization, and decrease the time it takes to make exchanges.

As you can see, Ethereum actually uses PoW but is scheduled to change to PoS soon. This is a clear indication that the replacement of POW with POS is certain as you rightly said.

But remember about the possibility of POW gets 51% attack and that means any consensus have possibility to become centralized thing. Some POW have been getting it and it looks like so easy to create such 51% attack and make POW becomes centralized.

Proof of Stake can be heavily centralized.
If centralization is not an attack on decentralized network, I wonder what it is. They both have their advantages and disadvantages. Hybrid mining(PoW+PoS) might be better.

POW isn't sustainable long-term. It's simpler I suppose than POS which is why POW is how things started out. But just from energy consumption alone POW isn't workable as a long-term solution. Crypto is malleable though, so a coin that is POW at the moment could well switch to POS in future.

I really like this new model. PoS is really a great choice for investors who want stable profits. Investors don't need to buy GPUs and some mechanical equipment to dig coins anymore, it has been the past.
Currently PoS is launched with the speed of processing extremely fast chain and always has stable and good interest rates for investors without having to go through many difficult steps.

the grass is always greener on the other side of the fence!

that has been the case with POW versus POS algorithms. of course the altcoin advertisements that are filled with lies and exaggerations don't help that either.

It is certainly the trend of the future in the coming years. PoW really consumes a lot of capital and productivity is still not as good as PoS. Besides, the machine will be old and we need to reinvest again, it will really be detrimental.
PoS is really convenient for long-term hold. and it will also help some altcoins maintain the same stable value as ETH.
PoS really has no weaknesses except that investors need a lot of money.

The fact that PoW is not environmentally friendly has been talked about for a long time, so I believe that there will be some changes and transition to other algorithms. Yes, PoW is considered more decentralized, but attacks of 51% occur more and more often, and the concentration of power in the hands of some people becomes the most real, unlike PoS.

imagine a highway and you are on one side of it. you see a 1 dollar bill on the other side of the highway on the ground, will you cross the highway to take it?
now imagine if that 1 dollar bill is a ton of gold instead waiting to be taken. will you cross it then?

that is what "incentive" means. there isn't really any incentive to perform many of the attacks on smaller altcoins that do have bugs. most of the times it will cost more to perform the attack, not to mention the legal precautions that can threaten the attacker.

and the problem with PoS is not just attack surface, it is also the flawed design. for starters the fact that a whale gets paid for doing absolutely nothing and is capable of keeping his huge bag intact while dumping large free money on the market for a lot of money is seriously flawed. it basically makes rich people richer not to mention that coins with premine enjoy this the most!

there is a lot of incentive to run a bitcoin full node you just don't see it because you are seeing everything in terms of "how can i make more money".
the incentive to run a bitcoin full node is the capability of being part of a decentralized network that depends on you. so if you want to use it that way you contribute.

i don't deny that PoW has flaws and is not the best thing that we can hope for but it is the best thing among other algorithms so far.

In terms of energy efficiency, the PoS has a significant advantage and will dominate the PoW in the future. But there are other types of blockchain consensus algorithms, such as: Delegated Proof-of-Stake (DPoS), Leased Proof-of-Stake (LPoS), Proof-of-Capacity (PoC), Proof-of-Importance (PoI) ), Proof-of-Activity (PoA), Proof-of-Authority (PoAuthority), Proof-of-Burn (PoB) and others. Therefore, I think that PoW coins will become smaller.