PoS vs POW (Which one would you like?)

[MDIPANJAN]

This market now has both POS and POW based projects,and both of them have their own unique characteristics.

POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)

-Now, as a investor which one is your first choice and why?

-Which one is gonna be the winner in the long run?(I'm bullish on POS though).

[tsaroz]

POS is the future but not as the way traditional POS coins did it. POW is just a waste of precious energy.
Masternodes are an effective way to implement POS, a quicker and effective way to solve transactions.
Ethereum is also said to be working on an improved version of POS.

[MDIPANJAN]

POS is the future but not as the way traditional POS coins did it. POW is just a waste of precious energy.
Masternodes are an effective way to implement POS, a quicker and effective way to solve transactions.
Ethereum is also said to be working on an improved version of POS.

Yeah. I agree with you,most of my holdings are POS.

[jubings]

My understanding is that:

In POW, getting the right answer is very hard and expensive, and you get rewarded for getting it.

In POS, getting the right answer is very easy, but getting the wrong answer is very expensive, because you get punished for getting it.

POW rewards doing the right thing.

POS punishes doing the wrong thing.

[Azzhan]

I think POS and POW have their own advantages.
Then, both POS and POW have many excellent tokens. It is important to select excellent tokens rather than to consider the mechanism.

[trungdlvn]

I have couple of shit POW long term coin that I think it will be benefit sometime in long future. All the rest are POS. Most of them are POS. My reason is simple, not because of the energy wasting (because thats part of the game, you run the system, you spend the energy), I hold POS coin because I can get stakes, its always good to see the money gave birth to its child (although sometime its only raise the number of your coin, not the dollar value)

[wh0cares]

PoW is what miners do. It's like "cracking the password of the last block". Because each last block has a password of sorts, if you can show what that password is to other miners, you've proven that you've done "work" since it requires effort to crack passwords. The difficulty of the password is automatically adjusted to make keep the "password cracking" at a fixed rate (10 min bitcoin, 12 seconds ETH)

PoS is Proof Of Stake - it's like saying, "pretend I've cracked the password because I can prove I own a lot of ETH so I could've bought mining equipment and actually cracked it if I wanted to". It's like a virtual mining of sorts.

[ElliottHe]

PoS definitely for me, as I don't have the powerful workers like ASCI. Also it looks like PoS now attracts more and more research.

[makishart]

This market now has both POS and POW based projects,and both of them have their own unique characteristics.

POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)

-Now, as a investor which one is your first choice and why?

-Which one is gonna be the winner in the long run?(I'm bullish on POS though).

I will choose POS because it's more conservative than POW and remember there is a lot of way to make it even more decentralized soon. Remember there will be inflation if you are seeing about so many miners are dumping it anytime. POS has fixed supply and that's really fair in my opinion.

[Gogochen]

I prefer the POS mechanism because it is more environmentally friendly.
The POW mechanism requires a large amount of power resources to excavate and may face 51% attacks.

[MDIPANJAN]

PoS definitely for me, as I don't have the powerful workers like ASCI. Also it looks like PoS now attracts more and more research.

Yeah. I do like POS system as the hardware used for Pow mining is quite expensive.
I read that Ethereum devs are considering to start a POW & POS hybrid mechanism.

You might wanna read this article :

https://cointelegraph.com/news/ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues

[MDIPANJAN]

This market now has both POS and POW based projects,and both of them have their own unique characteristics.

POS(Low energy consumption negligible to that of proof of work)
POW(Generation of blocks using computing power)

-Now, as a investor which one is your first choice and why?

-Which one is gonna be the winner in the long run?(I'm bullish on POS though).

I will choose POS because it's more conservative than POW and remember there is a lot of way to make it even more decentralized soon. Remember there will be inflation if you are seeing about so many miners are dumping it anytime. POS has fixed supply and that's really fair in my opinion.

I couldn't be more agreeable with what you've said.And i think when there are few pools are generating most of the coins by POW
it hurts the idea of decentralization,those few pools are (https://bitcoinchain.com/pools) controlling the market which very much seems
like a centralized structure to me.

[MDIPANJAN]

I prefer the POS mechanism because it is more environmentally friendly.
The POW mechanism requires a large amount of power resources to excavate and may face 51% attacks.

The environment friendly is one of the most important point i guess, They're just using hell lot of a electricity
and producing a hell lot of heat which itself is a red flag.

[tamango]

I prefer for sure POS because hardware used for mining POW is so expensive and cost a lot of electricity. I think development of POS is the future

[MikeyVeez]

Both have advantages and also disadvantages.
Proof of Work is more safe, but requires a lot of energy.
Proof of Stake is good for holders, but it is something new and we have to test it.

[hdclover]

I like proof of work more then proof of stake because it is not secure than pos. POS also has some vulnerabilities. But POW consumes huge amount of power which is it's only downside.

[renes]

I actually like both pos and pow but at this time I don't think pow is the future for cryptocurrencies due to its disadvantages, pos is obviously better to me.

[aleksnutis]

I choose PoS, because this system doesn't require large expenditures of electricity and equipment, it is more scalable and perfect. No wonder the leading blockchain projects choose PoS: Etherium, EOS, BitShares, Tezos.

[scoobidoobydu]

In term of money, I like POW as I have couple of miners.
In term of holding, I like POS, as we can do POS and get stakes.
So I like both type.
If I have to choose 1, I will choose, POS, its nothing like getting money from doing nothing.

[a31078]

I prefer the POS and I think it will become the best in the future because the hardware used in mining it is less expensive and has more vulnerability than the POW.