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Betting the Fund on the Merge | Hal Press, North Rock Digital
Bankless
The Cost of Proof of Stake
The electricity cost is a literal expense of a proof of work network. And yet, when you go to prove o stake, that issurance is actually no longer an expense. Because what happens is not everybody's stakes ands. What happens effectively is that the people that don't stake are essentially forfeiting their share of those issueins rewards to those that do stake. Those 15 % of stakers are effectively eating the free lunch of the other 85 % of people that aren't staking.
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