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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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2012185 No.2012185 [Reply] [Original]

Hello everyone. Stefan Molyneux here with freedomdomainradio hope you are doing well.

Today we will discuss the Truth about the Flippening. Because have no doubt my friends, the flippening is only a matter of time.

First mover effect, coupled with the general volatility of crypto, helped Bitcoin maintain the leader position thus far. And have no doubt, this industry is still so young that Bitcoin may be the leader for more years to come..however! The blatant truth is that Bitcoin has numerous flaws that altcoins have since dealt with. Lets look a little deeper.

>> No.2012211

>>2012185

Proof of Stake vs Proof of Work

Proof of work has the obvious flaw that it wastes electricity and resources. Meanwhile, proof of stake creates an issue where early whales are disproportionately advantaged..after all..cant they just sit on their ass after controlling a huge proportion of the volume immediately after launch?
Meanwhile, proof of work would force major miners to maintain their sacrifice to hold lead position. So yes proof of work has an obvious issue but how can we get around the proof of stake flaw?

>> No.2012390
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2012390

You can still sell your memereum.

>> No.2012453
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2012453

>>2012390
Keep crying babydoll.

>> No.2012456
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2012456

>>2012390