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It burns the energy as a proof, its not just doing it because its badly designed. The reason most money goes into bitcoin is probably, that people consider it
by randomNumber7 3y ago
It burns the energy as a proof, its not just doing it because its badly designed.
The reason most money goes into bitcoin is probably, that people consider it safer than proof of stake.
- everfree 3y agoLet's not kid ourselves, bitcoin's dominance is due to network effect. Nobody understands blockchains.
- randomNumber7 3y agoThe original bitcoin paper is an easy read. How proof of stakes is fire proof is harder to understand, and the information I found did not 100% convince me (not an expert in cryptography so doesnt mean much) I never put money into crypto btw. Its just gambling right now imo.