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Running a proof-of-work mining business isn’t risk-free: being wealthy alone is no guarantee of success. Conversely, with button clicking for autoyield, success
by atweiden 5y ago
Running a proof-of-work mining business isn’t risk-free: being wealthy alone is no guarantee of success. Conversely, with button clicking for autoyield, success is all but guaranteed.
There’s really no comparison. Running a business with high fixed and variable costs, and considerable competition is far more difficult to pull off successfully than a passive investment. Which one do you think favours a “gilded elite” more?
- 22c 5y agoYou're operating on the assumption that the elite make their money passively. Putting money in a bank isn't even enough to keep up with inflation at the moment, the same is true for Proof of Stake coins, too.