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. More (https://news.bitcoin.com/proof-of-stake-is-a-rebranded-version-of-the-old-financial-system/)!
(https://news.bitcoin.com/wp-content/uploads/2018/09/PoS1214-1068x1068.jpg)
In your opinion, what do you think about the shortcomings associated with proof-of-stake? Please share below.