Over the last few years, there’s been a lot of projects, both public and private, that are attempting to create a next-generation blockchain or something better than Satoshi’s Bitcoin. A great majority of these projects have condemned proof-of-work (PoW) cryptocurrencies because they think they waste resources, and many of these new blockchains have chosen to use a proof-of-stake (PoS) system. However, PoS has many flaws and introduces a distribution process that advocates an ugly planned economy that’s propagated by ancient thinking and basically the old banking system.
