/biz/ - Business & Finance

>>53947639
Every single PoS coin violates securities laws, and almost every single one of them have their nodes running on Amazon Web Services which means their entire security model is playing "mother may I" with a US-regulated corporation. None of this shit is decentralized. Ethereum being slow and expensive is actually a good thing because they try to limit throughput so that it's (barely) possible to actually run a node with consumer-grade hardware and bandwidth, and even then it still has a worrying number of AWS-ran nodes. But even then you have to deal with the major staking entities being exchanges because they are naturally going to have a massive percent of the supply.

If you want passive income that isn't going to get you wrecked, you are infinitely better buying bluechip dividend stocks like McDonalds. They've paid dividends for something like 50 years straight without hiccups.

Use crypto to make a sizeable chunk of cash, but if you're using it for longterm cashflow you are going to get absolutely fucking wrecked.

Every cycle has 4-5 smart contract cults that baghold to zero being strung along by their devs who use them as exit liquidity.

Most of the people who invest in these projects deserve to lose all their money though so it's a good thing, it's like a slave investing in their own chains.

https://txstreet.com/v/xmr-btc

Not a bad look right now.