• survirtual@lemmy.world
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    10 hours ago

    Proof of Stake = I have a stake in preserving this network, and I am rewarded by receiving an increased stake in the network.

    You cannot organically enter a PoS network without having a stake in it. That requires acquiring the network’s token somehow. That means you must use a different token to purchase it, do work for someone who will pay you in it, or otherwise perform an operation organized by people in order to acquire the token to have a stake.

    That’s what I mean by human consent.

    • Knock_Knock_Lemmy_In@lemmy.world
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      10 hours ago

      Your point is valid for new, immature blockchains. Censorship/access restrictions are possible and it’s very easy for PoS to turn into nothing at stake.

      In practice mature PoS chains don’t require any human consent.

      • survirtual@lemmy.world
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        6 hours ago

        Yes, they do.

        In order to acquire the token, where does it come from in PoS?

        You want to mint the token? It requires the token.

        You want to buy the token? It requires someone that already has the token to sell it.

        You want to trade the token? You need to find someone that has the token and wishes to perform that trade.

        It requires acquiring a counterparty that consents to you acquiring a stake no matter how “mature” a PoS chain is.