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Bloomberg Businessweek
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Proof of Work and Proof of Stake for Bitcoin
Why can't the Bitcoin blockchain just go from proof of work to proof of stake? Doesn't that seem like sort of an elegant solution? Well, it would seem like it on this surface, right? But you actually have to look a little bit more deep. There's a strong argument to be made that there's a centralizing force with proof of stake over time. And one of the keys that Bitcoin has been designed around is decentralization and security.
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