Isn't proof of stake, just a fancy word for proof of Capital where capital accrues to the ones that already just have it for doing nothing but having capital, unlike proof of work where electrical energy is being turned into monetary energy with real world cost inputs. How would one counter that criticism with the way the geni co-efficient will play out with proof of capital over time.
Isn't proof of stake, just a fancy word for proof of Capital where capital accrues to the ones that already just have it for doing nothing but having capital, unlike proof of work where electrical energy is being turned into monetary energy with real world cost inputs. How would one counter that criticism with the way the geni co-efficient will play out with proof of capital over time.