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So the people who already have the most of a coin are the most likely to earn even more by just sitting on it?
by delecti 5y ago
So the people who already have the most of a coin are the most likely to earn even more by just sitting on it?
- wiredfool 5y agoBy the rich, for the rich.
- woah 5y agoIn proof of work, the rich also get richer, but they just spew tons of co2 while doing so. Anyway, what doesn’t work this way? Have you ever heard of stocks, or interest on a loan or bank account?
- TacticalCoder 5y agoWell yes and no: those staking coins do indeed get more coins but there's still lots of speculation going on. I mean: it's not a given that if, today, with x coins you can buy, say, a laptop tomorrow with x * 2 coins you'll still be able to buy that same laptop. Stakers do definitely take the volatility risk. They're rewarded by getting more coins.