That's a good point. PoW as a coin-distribution mechanism is interesting. Either you are ok with a token sale or you could potentially take a snapshot of a PoW chain and use that to bootstrap
I obviously donβt review every bit of text on the website. Iβm not sure what the issue is here. Is the statement untrue? Seems like outrage/cancel culture in effect here.
POS is arguably fairer? π€£π€£π€£ yes, that's is... outrageous! It's arguably similar to the current financial system where people buy control the network and rentseek off of the users via inflation. Sound "fairer" to you?
Pointing out the statement is fake makes the statement true? I don't follow this logic at all.
PoS is unfair because only existing token holders can profit from it. It is also therefore centralizing: stakers use rewards to buy more stake. PoW is open to all.
fan here, checking in.
Jesse Powell speaks the truth...stop being such snowflakes and let the man build his fairer and superior (than PoW) Cosmos staking operations in peace.