19 points
You don’t need 51% of the world’s power though, just 51% of the power of people who care about how the system works. Most people using block chain cryptos don’t care at all, so the threshold is a tiny percentage of the user base.
4 points
3 points
That’s proof of work. Proof of stake is you just need more than everyone else, right?
3 points
*
It works more like loaning money and then receiving interest, except you are loaning crypto to the network and then you get it back, plus some, after a certain period of time
2 points
