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If they have the money to buy hashing hardware that's competitive, staking that money has a lower barrier to entry... You don't need space, hardware, or technic
by warbiscuit 9y ago
If they have the money to buy hashing hardware that's competitive, staking that money has a lower barrier to entry... You don't need space, hardware, or technical experience to assemble the rig. Just $.
- lmm 9y agoRich people in a proof-of-stake system will stake their money because doing so gets them more free money for no cost. Rich people in a proof-of-work system have to choose between spending their money on hashing hardware and spending it on other things.
- thescriptkiddie 9y agoThe thing about rich people is that they don't spend most of their money. Instead, they keep it locked up in relatively illiquid investments that yield big returns over long terms. The poor are stuck with riskier short term investments, if they can afford to invest at all.