Proof-of-Stake is a Rebranded Version of the Old Financial System - by Jamie Redman

[nandibear]

Proof-of-Stake is a Rebranded Version of the Old Financial System
news.bitcoin.com
by Jamie Redman
September 7th, 2018

Excerpt:

Over the last few years, there’s been a lot of projects, both public and private, that are attempting to create a next-generation blockchain or something better than Satoshi’s Bitcoin. A great majority of these projects have condemned proof-of-work (PoW) cryptocurrencies because they think they waste resources, and many of these new blockchains have chosen to use a proof-of-stake (PoS) system. However, PoS has many flaws and introduces a distribution process that advocates an ugly planned economy that’s propagated by ancient thinking and basically the old banking system.

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Read entire article: news.bitcoin.com/proof-of-stake-is-a-rebranded-version-of-the-old-financial-system/