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I don't think we do, its just that just like I don't want to work for big oil, defense, or tobacco companies, I have no interest in working on cryptocurrencies
by hobs 3y ago
I don't think we do, its just that just like I don't want to work for big oil, defense, or tobacco companies, I have no interest in working on cryptocurrencies when their biggest contribution I see is rug pulls and proof-of-waste algorithms.
- monero-xmr 3y agoI don't think companies like Coinbase, Circle, or Kraken are rug pulls. USDC is a very interesting concept. Ethereum uses Proof of Work (which is an interesting game theory problem to solve itself), which does not energy consumption to secure their network.
- monero-xmr 3y ago@dang why the heck is this thread flagged? Makes no sense
- treyd 3y agoIt's still undeniable that most crypto projects exist primarily to get retail investors to buy in to allow VCs and other insiders to cash out on them. Not directly as a simple rugpull but a longer term slow bleed, using the leverage they hold in an ecosystem in the near term to manipulate it in a direction that's useful to them in the long term. a16z is massively guilty of this.
- Nouser76 3y agoJust a note, Ethereum uses Proof of Stake now instead of Proof of Work, which is what drives the reduction in energy consumption.