Theoretically, does PoW for a token add any additional security or is it just about distribution?
yes, the security against infinite mints and over saturation . Atleast with mist we can confidently buy and hold knowing there is a finite amount of mist that will ever be in circulati
Could not the same be accomplished if the minting baton was provably burned?
It can. Token dist is just centralized by design, this decentralizes. SOUR had 42M minted at genesis w no baton & I'm building out an automated Proof of Stake system for distribution.
when the user base grows they will have nice options to consider
id love to follow the project more. Im the guy who posted why sour ? This is what I was looking for. Neat project that stands apart in the space
ah, I gotcha. Was a little confused by the question hah. I try to list all info on the website as a central point of info but working towards decentralized proof of stake for SOUR +
Thats great work ! I will contribute when possible!
With this who knows what future implementations will be made with MIST
I think it's mostly just distribution decentralization but it adds security in the sense that no one person controls the supply or minting for the token. No central point of failure.
You mean SLP tokens?
Hello. Yes, specifically Mist token in this case.
Yes you're right it's only about distribution. It's more like a good scientific experiment than something useful IMO
