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Many of us have been around crypto for a long time (meaning since 2010-2011) and have not seen any progress in positive terms. Most of crypto growth has been p
by sireat 6y ago
Many of us have been around crypto for a long time (meaning since 2010-2011) and have not seen any progress in positive terms.
Most of crypto growth has been pure speculation/ crypto2crytpo related services/morally questionable uses.
Positives
* ...
Sort of positive/sort of negative:
Evading capital controls
Being your own bank..
Big Negatives:
* POW energy use - huge one
* POS stakeholder issue
* Hard to use for Joe Sixpack
* Promotes speculation for speculation's sake(I'd say 90%+)
* Instead of Central Reserve Bank you have very shady stablecoins run by select few individuals - ahem Tether and not only Tether
Maybe someone can educate me on benefits of DeFi for a regular human being?
- hfsp 6y agoDefi is a scam. Have you calculated the energy costs of the current system, when yelling "huge" energy use? Have you considered the wasted energy of a government halving a fiat currency holder's purchasing power in a year or less?
- pelliphant 6y agoWhat are the positive sides of "Evading capital controls"? Also, does POS here mean "piece of shit"?
- sireat 6y agoWell, if the government is truly repressive evading capital controls can be considered a good thing. I am still convinced that most people willingly holding Tether are trying to avoid paying taxes and skirt KYC. That is the only sane explanation for this insanity.
- pelliphant 6y agoThat's a fair point.
- DarmokJalad1701 6y agoPoint of Sale maybe ...
- qqii 6y agoProof of Stake, an alternative to Proof of Work where users stake the currency for a chance to become the next validate (the winning miner). If they do anything shady or not allowed their stake is redistributed to the community.
- pelliphant 6y agoWell, that makes more sense, thnx.
- benhurmarcel 6y agoProof of stake
- deleted 6y ago[deleted]