Quote:
Originally Posted by Smoofers
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Quantum computing is only a threat to old school proof of work consensus algorithms
e.g. boomer bitcoin
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Tis not a threat. Read above.
Proof-of-stake is status quo but on blockchain.
(1) Rich get richer
(2) Rich decide the rules for everyone else
Sounds great.
Use google, there are plenty of problems with proof-of-stake. I didn't cover the technical problems here.