.svg "Rudd-O.com"){kind=logo}
Proof of stake's fatal conceit
Proof of work gives us something that proof of stake does not — unchanging, trustworthy rules, in perpetuity. This is exactly the property that motivates some people to destroy proof of work.
Competitors to Bitcoin, and enemies of Bitcoin, are stridently demanding a change from proof of work to proof of stake. They portray it as necessary progress. It is, in fact, a dangerous regression.
