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Comment by gtrubetskoy

The only problem here is that Proof-of-Work is the evolution of Proof-of-Stake, not the other way around.

PoS is how Paxos and RAFT work, and it was described in Wei Dai's b-money in 1989 [1]. But it didn't work for an adversarial byzantine network, and so it wasn't until Satoshi invented a Proof-of-Work based solution in 2008 that we had a crypto-currency.

1. http://www.weidai.com/bmoney.txt

  "Each server is required to deposit a certain amount of money in a special account to be used as potential fines or rewards for
  proof of misconduct."
parent gtrubetskoy 8 years ago

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