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Svetski | 5 months ago (raw) | root | parent | reply | flag +4 
 A simpler way to say this, is that both PoS and PoW are useful but in very different contexts.

PoS is when you need hierarchical organisation with skin in the game.

PoW is when you want something that more resembles physical laws. 

The former is fantastic for structuring organisations that require management, leadership and direction. I don’t believe that will ever change, and trying to apply PoW in this context is stupid.

The latter is great for money bc no amount of stake in the money should allow you to change it. The point of money is to have a ledger for the social / economic game of life. To be accurate, it must live where physics lives.
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gsovereignty | 5 months ago (raw) | root | parent | reply | flag +2 
 Yeah I love this explanation. I've started to think of ethereum etc as companies with shareholders rather than anything related to money.
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Svetski | 5 months ago (raw) | root | parent | reply | flag +1 
 Precisely what they are. Just like the federal reserve
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Cyber Seagull | 5 months ago (raw) | root | parent | reply | flag +1 
 PoS works for DAO's like Bisq, But Bisq only exists for Bitcoin.