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10 sats \ 1 reply \ @02d10975a1 8 Jul 2022 \ on: An explanation of Ethereum Proof-of-Stake written in English, for humans, that doesn't just skip all technical details. (quote from @fiatjaf) bitcoin
I think one of major practical issues with PoS is that everyone must keep their coins in a hot wallet. You have to trade off your personal security for the security of the network. It's just stupid and removes one of major benefits from cryptographic currency, i.e. being able to cold store.
Lightning nodes require BTC to be held in a hot wallet, and without Lightning, you don't have fast, cheap transactions on Bitcoin. IMO it's a similar tradeoff.
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