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submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 23 points 1 year ago (3 children)

Which is why a lot of cryptocurrencies adopted proof of stake in favor of proof of work.

[–] [email protected] 46 points 1 year ago (1 children)

which is literally a rich get richer scheme on steroids...

[–] [email protected] 18 points 1 year ago (2 children)

It's trickle up economics

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Vacuum cleaner economics

[–] [email protected] 4 points 1 year ago

Just like the cycle of water ! if it never rained

[–] [email protected] 36 points 1 year ago

Too little too late.

They were using more power than the entirety of Switzerland, just so a handful of people could get rich.