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Discussion on: On Blockchain — Understanding the absolute basics.

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Thorsten Hirsch

What about Algorand's PPoS? I think they solved a lot of issues of previous PoS attempts, see: algorand.com/resources/blog/algora...

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Mike Talbot ⭐

I'm not going to claim to be an expert, but my initial reaction to this was: isn't Pure PoS only really a principle based on the fact that a majority holder of coins isn't going to "be silly" enough to devalue their own holding? Seems like it isn't a perfect argument to me and further that if the contracts on the chain are relating to physical world items, let's say a land registry for property, then the practical value of the assets is different to the coins on the chain by a huge factor making a calculation of who is the majority holder a complex and non-digital one.