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RE: LISK VERSUS ETHEREUM: ALL YOU NEED TO KNOW OF THESE CRYPTOCURRENCIES
does Lisk have a lot of potential to compete with Bitcoin and ETH and Lifecoin?
I do like what I am hearing.... I am very new to all of this
I don't think so.
I don't like DPoS. There might be a place for it but really not sure.
do you think Steemit would work better on POS or POW? it would not be able to function. Too many transactions.
Well yes and no. Ultimately I think state channels could enable enough TX/s for both PoS and PoW. Those do not take the consensus liberties that DPoS does.
I have long disliked DPoS so that is where I am coming from. Big tradeoffs for things that could just be accomplished with tech on top of existing systems.
It is a tradeoff. Steem will probably be fine with DPoS. Doesn't mean there are not problems.
Time will tell.
Question for you @kyle.anderson:
DPoS (Delegated Proof of Stake) is where people vote for delegates who then make decisions or hand out rewards. Do you think that will lead to a popularity contest and all the disadvantages that come with that?
Yeah I mean I think there are a lot of problems with DPoS and who knows.