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Some people just can't see the economic absurdity of it. Imagine if the FED announced that future USD would be printed into the accounts of USD holders by balan
by shiado 5y ago
Some people just can't see the economic absurdity of it. Imagine if the FED announced that future USD would be printed into the accounts of USD holders by balance size, but that you have to have a high initial balance to be eligible and that the poors need to assemble little pools of other poors to split a reward. That's proof of stake as proposed. It's that simple and that stupid.
- broighbrobroigh 5y agoRight now the central bank wills money into existence and then gives it to other banks who already have lots of money. Change your lens and see the similar topologies.
- Ottolay 5y agoSounds kind of like how one can grow one's money by investing it in an index fund and sitting on it and how rich people can get richer with no income and a passive investing strategy.
- Valakas 5y agoHow is it that PoW is better though? No single individual can mine profitably anyway. You also need to be part of a pool to get some share of the profits.