Hi! Great points and info :) I'm eagerly learning about the security measures after these 51% attacks and thinking to change (when in the green) only to dpos coins because i want to cut the risks of loosing more investments haha. to be fair though , im still looking for info if tokens can be 51% attacked (without large group's collaborating)
So pos are obviously much safer than pow.. but no that secure ?
PoS is still very much unproven and it is only safer in theory. There may actually be loopholes and problems like the one I describe in my post above, and worse yet there may be issues that we haven't thought of yet. It's going to take a few years until PoS has proved itself enough in order to have people trust it enough with billion dollar transactions I think.
PoW on the other hand has a 9 year track record in Bitcoin as being trustworthy and reliable and though people speculate it is possible to attack the network, nobody has ever managed to do so. And with the hashrate continueing to increase exponentially I don't see how anybody will have enough processing power to even attempt to do so, even disregarding the insanely high cost of doing so. With that much hashrate, it may very well be more profitable to mine rather than attack..
PoW gets a bad rap but it truly is a lot more nuanced than most think. The game theory is truly very strong.
I see that bitcoin would be extremely expenive to have 51% hash control and that makes it safe,but all the other pow seem a waste of investments,like verge for example
Oh definitely! Some of the smaller PoW coins don't have enough hashing power at all... I don't like non-Bitcoin PoW coins much at all, with the exception of Monero which uses PoW in a legitimate way too.
:) PoWs are histrory already lol.. there had to be some kind of selection process to ween out all the ones that won't have a sucsessful future lol.. im waiting until green again and ill be getting rid of all the PoWs hahahhaha fuck it I might even go all in on Steem, and keep just .1 BTC for my pension in 20 years lol. Ill swap my other pow's for ARK, LISK and DECRED because personally I have such shit luck with anything technological, and I almost guarentee that the coins I would keep would be 51% attacked in the future and go to shit hahahahahhaha!
Early Days!