Tag Archives: Proof-of-Stake

Major Bitcoin & Crypto Companies Warn of ‘Extreme’ Risk in Proof-of-Stake Systems

The risk of corporate capture is extreme in proof-of-stake (PoS) systems as PoS transforms novel financial systems into pure plutocracies; dozens of US-based high-profile companies warned in a letter to the US Environmental Protection Agency. The companies were firing back at the attack by Congressman Jared Huffman who recently described Bitcoin (BTC) mining as something […]