this post was submitted on 14 Sep 2023
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Memes

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It’s all a scam, don’t even try to tell me it’s useful (i.imgur.com)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 22 points 9 months ago (3 children)

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

[–] [email protected] 44 points 9 months ago (1 children)

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

[–] [email protected] 16 points 9 months ago (2 children)

It's trickle up economics

[–] [email protected] 4 points 9 months ago

Just like the cycle of water ! if it never rained

[–] [email protected] 3 points 9 months ago* (last edited 9 months ago)

Vacuum cleaner economics

[–] [email protected] 34 points 9 months ago

Too little too late.

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