> Does 'proof-of-stake' need to be 'bootstrapped' by a period of 'proof-of-work'?
I think it's optimal if they do, because proof-of-work is more fair in the beginning, so it's easier to do a fair distribution launch with PoW. With Proof-of-stake, I've never seen a network launch that didn't result in a cartel.
PoW algos adjust difficulty based on how much hash power is in the network. So you could do this, but people would see it and react to the demand plus you'd also have to sell most of the mined coin in order to cover your electricity costs.
I think it's optimal if they do, because proof-of-work is more fair in the beginning, so it's easier to do a fair distribution launch with PoW. With Proof-of-stake, I've never seen a network launch that didn't result in a cartel.
PoW algos adjust difficulty based on how much hash power is in the network. So you could do this, but people would see it and react to the demand plus you'd also have to sell most of the mined coin in order to cover your electricity costs.