Chia Founder: PoS Mechanism Won’t Decentralize the System

In a reply to a tweet, Chia founder Bram Cohen said it’s not impossible to think that a proof-of-stake (PoS) system “works”. If you let it focus effectively on a few large stakeholders who run it as benign dictators, then it will work well. But it won’t decentralize the system.

Previous:

Next: