IntelUser2000
Elite Member
- Oct 14, 2003
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Sadly, I think that would have significantly reduced Ethereum's uptake. Mining, in its infancy, was about running 1-3 dGPUs and having tune/tweak contests with other forum warriors to see who could mine out the most magic Internet money.
Yea I very much agree with this. I'm in the dapp space just because I had Ethereum from mining. What other motivation would be there for me to be here otherwise?
I think, in theory PoS from the beginning could have resulted in the same thing, but there are doubts in my mind about that. 8% as a stake is not very exciting or sounds as much compared to seeing your crypto bank account increasing day by day with PoW mining.
Staking also brings additional issues to be resolved like security. Right now with crypto mining its quite easy to keep your coins secure. How can that be guaranteed with PoS? You have a fraction of Eth stored in mining pools. Equivalent PoS pools would have 10-20x the amount of Ethereum making them a far tastier target.