Of course they are ignoring the value of bitcoin cryptography keys that uphold the ledger and were produced through work effort. Every ten minutes, a new lock is added to the chain. Those locks are as valuable as the locking mechanism of a vault door, at the cost and work effort of 142.59 terawatt-hours, and 233.75 ExaHash per second. That is what Proof of Work is.
Proof of Stake on the other hand is a token system that pays the wealthy for having money. It is literally what the central banks are already doing. And it is disgusting.
Any token system can be thought of as a pot of money. Every cryptocurrency is its own pot of money. When people sell, they are taking money out of the pot. When people buy, they are putting money into the pot.
Of course they are ignoring the value of bitcoin cryptography keys that uphold the ledger and were produced through work effort. Every ten minutes, a new lock is added to the chain. Those locks are as valuable as the locking mechanism of a vault door, at the cost and work effort of 142.59 terawatt-hours, and 233.75 ExaHash per second. That is what Proof of Work is.
Proof of Stake on the other hand is a token system that pays the wealthy for having money. It is literally what the central banks are already doing. And it is disgusting.
Wow. Did a retard write this?
BLOCKCHAIN HAS MORE VALUE THAN CRYPTO-COINS.
True, but we gauge that value in coins.