Proof of Work vs Proof of Stake: The Difference

talking about the difference between proof of work and proof of stake crypto coins and what i think the future will be like.

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[variator]

PoW tends to get centralized to 1. Large investors, 2. Countries with cheap electricity, 3. Pools.
PoS coins have some advantages and a big one is that the holders have full control over their own currency. Eventually people will understand how BIG this is and all switch to PoS. Especially when you can stake from an offline wallet such a Ledger.

[verdi]

This feels like we are working as a team here. MrSotko asks about his viewers' ideas, what do you think about this coin and that, and MrSotko be like doing his research like a nerd and makes us videos about it :p
I hope we all make millions soon :)

[sharesse]

Thanks for keeping it real and not shoving your affiliate link down our throats 😊

[brykit]

Good vid. I didn't realize I didn't know much about the difference.

[coinraker]

Thanks bro, you're good at explaining things in the simplest terms. One thing I din't quite understand though, when Etherium 2.0 comes out will the existing Etherium turn into that or will it be a whole new coin?

[DaAlive]

very very very good explanation.5 stars buddy!!!

[since]

Hey MrSotko, What Do You Think Of Bankera ICO

[marvelv]

One thing about staking coins though prices might drop while holding on to coins. Potentially a pump and dump coin.

[Gazulith]

On the PoS coin are you required to have the core wallet for that coin in order to receive rewards or can it be done with keeping them in say an Exodus wallet? Also, Hybrid coins like you mentioned Dash are both PoW and PoS, how does holding them work is it a lower reward rating due to the possibility of mining them as well?

[Pesimiser]

Hey Mr. Sotko what do you think about crypto mixers?

[jordysteyaert]

Heavy PoW needs to go, it's not sustainable.

[hansjurgen]

Thank you Mr sotko for all your vids really helps us newbies to get good information on crypto currency stocks/trading can you show us in the simplest form how to do daytrade on cryptocurrency and the best apps to use

[Hattinchannel]

How long before mining is no longer a thing MrSatko

[moldresistant]

Nice overview MrSotko.. I just noticed that ur audio is a little out of sync, easy fix check out PluralEyes

[MrSullythetank]

What are the sort of interest rates on the PoS coins at the moment?

[dominick]

mrsotko im trying to get my neo to my neon wallet from kucoin i have in neo when it type the amound it adjust to two i dont have to can you help me thanks man

[toneabet]

I don't understand how PoS generates new coins? At the very beginning there are no coins, so how do wallets generate coins when none have been mined?

[vinylnutter]

You always come on when I'm off to bed I'm in the UK lol

[johnx]

PoS has issues it still needs to address first. like nothing at stake, ledger security, double spending? there’s just too many questions, it’s why ethereum hasn’t switch over yet. PoS sounds good, but underneath it, it still has lots of flaws and loopholes for attackers.

[klirsnichy]

So for proof of stake where does the coin reward come from?