Vitalik Buterin: Ethereum, Proof-of-Stake, The Future of Bitcoin
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
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Is Forsake a Good Way to Distribute Coins?
Mining is a very inefficient way of distributing money. If you own like, ten % of the coin in the beginning, it mn, assuming you keep mining, then you will keep owning 10% right? So even if there's a block reward or not, if the coin supply grows or not,. if you get ten percent of all the block reward in transaction, fees. It sort of works out the same thing, correct? I mean, i don't think people are looking for a fairness and a galaterianss amount of crypto currency - they need to be able to live on one dollar per day. And so if we're looking at this as aga or in revolution
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