/biz/ - Business & Finance

SwA = Sex with Ankha.

Simple as.

>>51675623
I want the cat to rape me

>>51675623
That is true but you're an idiot

>>51675623
nah
saved your picture though

Attention!
This thread is made by paid discord shills they want to scam you!
Do not invest in any coins they recommend, do not engage with them and do not support them in any way. They are only here to get as much liquidity as possible from gullible retards. They have astroturfed /biz/ for over 2 years by now and scammed a lot of clueless /biz/ anons.
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>>51675623
its fiat fuckery.

>>51675844
,dear

>>51675623
In PoW you are just staking hardware, it's pretty dumb if you think about it

>>51675623
YEP

>>51675623
PIECE OF SHIT

>>51675863
it encourages a newtwork of REAL hardware. And rewards those for providing that hashing power.

PoS is fiat, and rewards to top holders of the fiat.

For the hundredth time. Proof of Work doesn’t actually mean work is being done. You sit on your ass while a gpu or asic guesses random numbers that ultimately do nothing of value and are rewarded with pre-programmed monopoly tokens if you happen to guess the right one. That is not work. PoW coins are not “backed by electricity” and the market price of these coins has fallen below the mining costs dozens of times before. It is currently unprofitable to mine Bitcoin. It is never going to be profitable to mine Monero again. Mining Ravencoin almost immediately became unprofitable the week the merge happened. Not only is electricity not an exchangeable asset that the currency is pegged to (which is what “backing” actually means in this context) the cost to mine does not seriously affect market prices of cryptocurrency ever. In fact this is the reason thousands of miners are forced to take loans and operate at a loss. Their expense needs haven’t affected supply or demand. There will always be the same number of coins mined per day regardless of miners and mining costs (this is baked in at the protocol level of almost every coin) and the market demand isn’t affected by them at all.

>>51675918
it encourages a newtwork of REAL money. And rewards those for providing that cash flow

>>51675918
You aren’t making any serious money mining if you aren’t a rich fuck. Seriously how do you low iq troglodytes not realize that huge mining farms collect more Bitcoin than you ever will? They are also the ones getting the newest and most effective hardware first. In vast quantities, driving the prices up for small time miners. Proof of stake rewards you for securing the network. Hashing power doesn’t matter.

>have enough money to buy a shit ton of eth/avax/matic/etc.
>have enough money to buy a shit ton of asics/gpus
What exactly is the difference here? Monero is the only coin I can think of where it’s viable to mine from a gaming computer as an average joe, and you will definitely still run at a loss unless your energy is free.

Proof of Stake = Proof of Sexy

>>51675931
> Their expense needs haven’t affected supply or demand
>be a miner
>spent X on electricity
>refuse to sell your minded coins for less than X + profit

Mining puts the network and reward in the hands of whomever wants to invest.
Those i like the model of all miners getting a cut,

Mining also means its not fiat, just printed out of nothing by the creator, like all the scam coins. cheap worthless tokens without a function.

feds cant just take over the worlds PoW mining network.

>>51675943
I like Monero XMR that cant be gamed with ASIC miners.

PoS means the creator just made a bunch of tokens out of thin air and sells them to you. No better than banks.

>Proof of stake rewards you for securing the network
it rewards the TOP holders/whales who get to validate, not you or me.

>>51676074
You can earn staking yields by delegating, or using pools. And Monero is asic resistant but completely unprofitable. People mine for ideological reasons, not for money.
>>51676050
Except miners are forced to sell coins at a loss so they have some money to pay for the loans they take to keep mining at a loss. If they didn’t sell any they’d have to quit mining very fucking soon, which would lower the hash rate, new miners jump in, and supply continues unabated. You have this nice hypothetical in your head but in reality it doesn’t fucking happen. Bitcoin is trading at 10% lower than miners need to make a profit or break even right now.

>>51675623
This is funny. I don't care about PoS tho. There are better consensus algorithms, Geeq's protocol being one. Normies need to learn.

>>51676110
Who cares about privacy shit? The blockchain space is evolving to multichain functionalities. Pay attention to that.

>>51676110
>Except miners are forced to sell coins at a loss so they have some money to pay for the loans
they shouldnt have loaned money then.
But even still, once loans are paid, then there is no pressure on them.

>Bitcoin is trading at 10% lower than miners need to make a profit or break even right now.
Well logically they should stop mining if not profitable, the new lower hashrate = less compitition = same amount of coins for less energy = profitable again.

its weird that hash rate has kept going up while price has dropped. whomever is operating these miners Im going to guess some kinda investment funds that plan to hold until price recovers.


Ive always thought the hash energy should be used as some kind of distributed cloud computing that people can harness for a cost would be a much better coin.
>meaningful use of energy.

>>51675651
Salty, are we? Don't care what ticks anyone's fancy. The bull will come back with multi-blockchains. You heard it here first.

>>51676074
Thoughts on PoH and 99% BFT? Have only seen that much on Geeq. Plebists haven't noticed yet.