Proof-of-stake is still wasteful since it promotes pump and dump scams and causes people to waste their money on scam projects. If the creators are able to get their reward at the very beginning of a project, they will be more interested in short-term gains rather than a long-term token that will last. Humans are not psychologically/socially equipped to invest in proof-of-stake cryptocurrencies since they tend to get scammed.
Proof-of-stake is just technology that can be used in different ways. It can be used for pump and dump scams but also for different purposes.
If you are building a product that’s actually setup to create long-term value it’s useful to use proof-of-stake is it allows you to provide more value because you have higher throughput while using less energy.
If the value of the project rises as features are build out, there’s an incentive to build out the project. There’s no good reason for anyone who wants to build a system that actually creates value to use technology that burns more energy and provides less performance.
Proof-of-stake is still wasteful since it promotes pump and dump scams and causes people to waste their money on scam projects. If the creators are able to get their reward at the very beginning of a project, they will be more interested in short-term gains rather than a long-term token that will last. Humans are not psychologically/socially equipped to invest in proof-of-stake cryptocurrencies since they tend to get scammed.
Proof-of-stake is just technology that can be used in different ways. It can be used for pump and dump scams but also for different purposes.
If you are building a product that’s actually setup to create long-term value it’s useful to use proof-of-stake is it allows you to provide more value because you have higher throughput while using less energy.
If the value of the project rises as features are build out, there’s an incentive to build out the project. There’s no good reason for anyone who wants to build a system that actually creates value to use technology that burns more energy and provides less performance.