Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Have an account? Sign In
Continue with Facebook
Continue with Google
or use

Have an account? Sign In Now

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Sign Up Here
Continue with Facebook
Continue with Google
or use

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now
You must login to ask question.

Continue with Facebook
Continue with Google
or use

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Sign InSign Up

Crypto Beans

Crypto Beans Logo Crypto Beans Logo

Crypto Beans Navigation

  • Home
  • CryptoCurrencies
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
Home/ Questions/Q 3659
In Process
KI2Ds
  • 0
KI2Ds
Asked: December 8, 20212021-12-08T05:21:21+00:00 2021-12-08T05:21:21+00:00

Stealing from the poor to give to the rich is Proof-of-Stake’s (PoS) fatal flaw. Change my mind.

  • 0

Stealing from the poor to give to the rich is Proof-of-Stake’s (PoS) fatal flaw. Change my mind.

  • 40 40 Answers
  • 0 Views
  • 0 Followers
  • 0
Answer
Share
  • Facebook
  • Report

40 Answers

  • Voted
  • Oldest
  • Recent
  • Random
  1. LittleHippoThatCould
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am
    • Proof of Stake Pros & Cons – Participate in the r/CC Cointest to potentially win moons. Prize allocations: 1st – 300, 2nd – 150, 3rd – 75.

    • Sort comments as controversial first by clicking here. Doesn’t work on mobile.


    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  2. ApprehensiveLion9
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Having money gives you the opportunity to make more, that’s not PoS specifically, that’s capitalism.

    Maybe you can think up a communist coin where everyone is given the same amount and no one is allowed to get ahead without the government sending black vans to your house.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  3. Pma2kdota
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    I’m going to need to make this communist coin. Stop inequality once and for all.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  4. ChemicalGreek
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    You can always join a stake pool for some things that allow for it in PoS coins.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  5. Mjds27
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Communist Coin tokenomics are seriously problematic.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  6. h0th25
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    PoS staking rewards don’t equal the creation of value, which is what capitalism incentivizes. PoS incentivizes the creation of money through token inflation.

    You stake to protect against the dilution of your stake and you hope that someone somewhere doesn’t stake so you can earn a little extra by diluting their stake.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  7. Crypto_Gui
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Interesting. I have the urge to make a shitcoin call Our Coin. But i think someone already best me to it.

    Rugpulled by Kim Jong Un

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  8. Crytch
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    How is stealing when you decide to stake in exchange for rewards?

    This is one of the dumbest arguments against PoS that I have seen.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  9. CertifiedYSL
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    The dumbest.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  10. FinishGloomy
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    You don’t stake in exchange for rewards. You stake in exchange for a portion of token inflation.

    That’s a key difference.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  11. Randomized_Emptiness
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    You could say the same thing about POW and or gas fees. Algo PPOS is sexy as every Algo staked has the same chance as becoming the verifier. So it eliminates some of your complaint.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  12. xavierwest888
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Algo PPOS

    Surely having 100 000 algo staked increases your chances especially compared to someone who has say 10 algo staked?

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  13. the_far_yard
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Say the same thing about PoW? Please elaborate.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  14. masterdude117
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    PoW blockchains force newcomers to invest in expensive hardware and often join already existing pools to get a taste of the pie, I think PoS is more accessible and rewarding in the long term, PoW in the shortterm is better.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  15. Bad_Guilty
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    There is nothing to change. PoS in its base is a system where whales get fed by the urchins.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  16. Vintage9999
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    This is a terrible and highly misinformed take. I feel dumber for having read it.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  17. Ella Kerr Begginer
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Your very specific feedback and arguments against the article are certainly informative.

    I appreciate you engaging though since it helps with the algorithm overlords.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  18. Zantti
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Both PoW and PoS have their pros and cons. But we need both of them to keep the balance.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  19. vambubi
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Agreed.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  20. Amiable Writer Begginer
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    PoW better short-term, PoS better long-term in my opinion.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  21. mysterioususer69
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am
    • Proof of Stake Pros & Cons – Participate in the r/CC Cointest to potentially win moons. Prize allocations: 1st – 300, 2nd – 150, 3rd – 75.

    • Sort comments as controversial first by clicking here. Doesn’t work on mobile.


    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  22. Sketchy-Lefty25
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Having money gives you the opportunity to make more, that’s not PoS specifically, that’s capitalism.

    Maybe you can think up a communist coin where everyone is given the same amount and no one is allowed to get ahead without the government sending black vans to your house.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  23. AutoModerator
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    I’m going to need to make this communist coin. Stop inequality once and for all.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  24. KI2Ds
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    You can always join a stake pool for some things that allow for it in PoS coins.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  25. GreenEuro20
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Communist Coin tokenomics are seriously problematic.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  26. Aegontarg07
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    PoS staking rewards don’t equal the creation of value, which is what capitalism incentivizes. PoS incentivizes the creation of money through token inflation.

    You stake to protect against the dilution of your stake and you hope that someone somewhere doesn’t stake so you can earn a little extra by diluting their stake.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  27. Gazza_ERG
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Interesting. I have the urge to make a shitcoin call Our Coin. But i think someone already best me to it.

    Rugpulled by Kim Jong Un

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  28. Shiny_Jr
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    How is stealing when you decide to stake in exchange for rewards?

    This is one of the dumbest arguments against PoS that I have seen.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  29. Socialinfluencing
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    The dumbest.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  30. pizza-chit
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    You don’t stake in exchange for rewards. You stake in exchange for a portion of token inflation.

    That’s a key difference.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  31. JusHerForTheComments
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    You could say the same thing about POW and or gas fees. Algo PPOS is sexy as every Algo staked has the same chance as becoming the verifier. So it eliminates some of your complaint.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  32. Mannimal13
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Algo PPOS

    Surely having 100 000 algo staked increases your chances especially compared to someone who has say 10 algo staked?

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  33. LivingFondant1419
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Say the same thing about PoW? Please elaborate.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  34. pbjclimbing
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    PoW blockchains force newcomers to invest in expensive hardware and often join already existing pools to get a taste of the pie, I think PoS is more accessible and rewarding in the long term, PoW in the shortterm is better.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  35. CertifiedYSL
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    There is nothing to change. PoS in its base is a system where whales get fed by the urchins.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  36. AutoModerator
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    This is a terrible and highly misinformed take. I feel dumber for having read it.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  37. Mannimal13
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Your very specific feedback and arguments against the article are certainly informative.

    I appreciate you engaging though since it helps with the algorithm overlords.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  38. Raykensi
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Both PoW and PoS have their pros and cons. But we need both of them to keep the balance.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  39. Salah Salah
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    Agreed.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report
  40. Oneofmanyshades
    2021-12-10T11:08:51+00:00Added an answer on December 10, 2021 at 11:08 am

    PoW better short-term, PoS better long-term in my opinion.

    • 0
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report

Leave an answer
Cancel reply

You must login to add an answer.

Continue with Facebook
Continue with Google
or use

Forgot Password?

Need An Account, Sign Up Here
Continue with Facebook
Continue with Google

Sidebar

Ask A Question

Stats

  • Questions 655
  • Answers 8k
  • Best Answers 0
  • Users 831
  • Popular
  • Answers
  • Czechit7

    The biggest bullrun of crypto history is about to start!

    • 217 Answers
  • Chet_kranderpentine

    How are there not 3D intractable Virtual Girlfriend NFTs yet? ...

    • 205 Answers
  • Alisha Blake

    Don't be fooled by a previous ATH of coin!

    • 0 Answers
  • nimda44
    nimda44 added an answer Invest in BTC January 2, 2022 at 1:40 pm
  • nimda44
    nimda44 added an answer faucetpay January 2, 2022 at 1:36 pm
  • nimda44
    nimda44 added an answer Get a VPN January 2, 2022 at 1:35 pm

Top Members

Huu Dung

Huu Dung

  • 2 Questions
  • 69 Points
Teacher
Amiable Writer

Amiable Writer

  • 18 Questions
  • 40 Points
Begginer
Tope Sodiq

Tope Sodiq

  • 13 Questions
  • 35 Points
Begginer

Trending Tags

#best cripto altcoin alternative analytics android apple ban best best website binance binary trading bit bitcoin blockchain british btc china coinbase company computer crackdown crypto cryptobeans.com crypto course cryptocurrencies crypto currency crypto trading currency developers distinguish between window port and viewport? django domanda employee employer english eth ethereum exchange facebook free crypto french google graphics interview investing ios javascript killer language life litecoin ltc miner nude orbi setup with existing router orbi setup without app php please answer programmer programs question salary satoshis shiba solano token trading university usdt velop node not connecting επένδυση κρυπτονομίσματα سؤال سؤال ، استطلاع

Explore

  • Home
  • Add group
  • Groups page
  • Communities
  • Questions
    • New Questions
    • Trending Questions
    • Must read Questions
    • Hot Questions
  • Polls
  • Tags
  • Badges
  • Users
  • Help

Footer

Crypto Beans

CryptoBeans is a social questions & Answers Engine which will help you find the right answers when it comes to Crypto!

About Us

  • Meet The Team
  • Blog
  • About Us
  • Contact Us

Legal Stuff

  • Terms of Use
  • Privacy Policy
  • Cookie Policy

Help

  • Knowledge Base
  • Support

Follow

© 2021 Crypto Beans. All Rights Reserved
With Love by Crypto Beans

  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.