On another note, what would you recommend? POW that works only on CPU like cryptonote(Monero)? Or having smartphones mine?
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On another note, what would you recommend? POW that works only on CPU like cryptonote(Monero)? Or having smartphones mine?
I don't know, I am not a miner, but I think the POS system is superior to POW.
The POW will turn into an Oligarchy eventually. The POS runs more like a private corporation, shareholders voting.
If only POS coins would not be totally held by the developers, then there would be more freedom to the shareholders there.
unfortunately POS has the disadvantage of coin distribution.