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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Learn the difference between proof of work and proof of stake. How do these protocols affect miners and which protocol is most beneficial.
Click here to learn more about why Ethereum would choose to switch from proof of work protocols to proof of stake, and what that means for the miners.
https://www.ethnews.com/proof-of-work-vs-proof-of-stake-explained
What about proof-of-Quorum?
Proof of Stake = Rich gets richer. Proof of Burn is better in the sense that the miner would have to spend his coins before becoming a miner.
You should start every video with saying the location you are at.
So do you still need people to mine with the POS?
Congrats on your are success with the channel. Good to see a woman in crypto. An attractive one at that :). Thanks for the tips and best of luck to you with the future
very beautiful and stunning (:
You have the most beautiful hair of anyone on youtube. That may be a little off subject, but it's true.
i'm in love
thank you. was short and great
That's me in the photo at 1:57 🙂 Fun to see.
You videos are… REALLY GOOD!
I like the background music, where is it from? I think I used up the free youtube tracks that I like. PS I made a video explaining the blockchain proof of work by analogy 2 weeks ago.
Great, just want I was wondering, "what IS proof of stake?" Thanks. I'm now @joecaffeine on steemit. Friend me?
pos _ PROOF OF SCAM
See that 8 dollar Ethereum price has me sad 🙁
Thank you!
She is Proof of Love
PROOF OF STAKE is the EXACT digital version of the fiat monetary system we currently have now. DON'T BE FOOLED!!!! Please… Please… Please… Spread the message!
Wouldn't a 51% owner game the system to benefit themself the most? I mean, look at the 1%…or any majority owner in a public company. The more of the share they own, the more they'll rig the system in their favor, that's just basic human nature.
I think proof of stake highly underestimates greed. I mean what if the majority owner of ether was in threat of loosing majority ownership? they might try to crash the system out of spite. I mean, Nero played the viola as Rome burned….
I'm sorry, but if we are talking 51% ownership on a pos sounds like centralization to me.
Even in the best case scenario, it sounds like an elite group of majority owners controlling a hash evolution, which becomes more and more centralized over time. similar to our current state of fiat currency.
sure POS saves computing power and makes block validations simpler, but it's not truly decentralized, in which case you might as well just stick to managing a server.
What is that microphone you're using? Thanks for your energy. Loves it!
What happens when there's a internet shut down. Crypto currencies are fake, there is no real value in cryptos, just as fake as the Governments system
probably the best and most concisely put explanation of PoS v PoW on youtube.
thanks.