
PoW, what is it and why do we want PoS
Zero Knowledge
00:00
Why Are You Staking Money?
The thing that we haven't at all talked about was, why are you staking money? And the reason you're staking money is that you potentially lose money. You need to have stake, you need to be finable if you are destructive. It's not a necessity. But normally, like they, in CASPER, there will be punishments if you misbehave. So you're actually, you're taking a risk to produce profits, and that's a sound economic system. If you take no risk and still produce profits, then that's not sound.
Transcript
Play full episode