Sure it would - but that's the whole problem with (delegated)"Proof of Stake" systems - a) there is no "mining," at least in the traditional sense - there are hwat's called "block PRODUCERS" (BPs) which is the task performed by nodes called "witnesses," who are the people "delegated" or voted into position.
This is why PoW is superior, imo. PoS is similar to another acronym with the same initials, imo :P But hey, it's a process. Everyone here is learning. Daniel Larimer created Steem, and then left. It has pretty much been in disarray since, imo.
It's a damn shame. I thought there was a time when Steem could be mined though? That was before my time on the site, but I've seen people talking about it. Maybe it technically wasn't "mining"?
Sure it would - but that's the whole problem with (delegated)"Proof of Stake" systems - a) there is no "mining," at least in the traditional sense - there are hwat's called "block PRODUCERS" (BPs) which is the task performed by nodes called "witnesses," who are the people "delegated" or voted into position.
This is why PoW is superior, imo. PoS is similar to another acronym with the same initials, imo :P But hey, it's a process. Everyone here is learning. Daniel Larimer created Steem, and then left. It has pretty much been in disarray since, imo.
It's a damn shame. I thought there was a time when Steem could be mined though? That was before my time on the site, but I've seen people talking about it. Maybe it technically wasn't "mining"?