What’s Wrong with Proof of Stake?
Bob McElrath
2011

  1. PoW doesn’t work. 100 TPS isn’t workable for real world needs
  2. Absence of Proof can be sufficient scientific proof, if not mathematical proof. There’s big bucks in robbing BTS, yet no one has been able to do it. The same argument holds for PoW.

This articles fatal assumption is that value is determined by cost of production

After something is created its value is set by supply and demand

Stating proof of stake tokens have no value because it cost nothing to add a database row is to deny market supply and demand proving otherwise

Dollars have value too. If you disagree, then send me all your dollars.

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