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Obviously the people who have the most to lose are most motivated to maintain the currencies stability/trustworthiness no? Isn't that the idea? If the people
by toomuchredbull 5y ago
Obviously the people who have the most to lose are most motivated to maintain the currencies stability/trustworthiness no? Isn't that the idea? If the people with the most start screwing around, everybody will stop using the currency and they will be left with nothing.
- hanniabu 5y agoYup, and unlike with PoW where you can go mine another coin or sell your equipment, your investment is gone
- haskman 5y ago"If the people with the most money start screwing around with other people's money, then everybody will just abandon using money altogether, societal structure will collapse, and they will be left with nothing". Great argument.
- jdauriemma 5y ago> Obviously It's not obvious to me. Can you provide evidence that we can rely on the social dynamics you're describing?
- kbsspl 5y agoUnless people with the most something have hedged/shorted it against something else.