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/biz/ - Business & Finance

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54474780 No.54474780 [Reply] [Original]

Anything that isnt PoW is a scam.

>> No.54474828

>>54474780
Anything that starts with "k" is a scam

>> No.54474842
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54474842

>> No.54474902

Anything that's still legal to own in US is a scam

>> No.54474947

>>54474780
You are a scam!

>> No.54475051

>>54474780
>It took 40000 kwh to make this coin
>Takes 66 minutes to send this coin
>therefor it's better
Get fucked nigger. Go behind a grocery store and eat the pig slop out of the brown bins like the stupid pig you are

>> No.54475071

Yep, real money requires work to create, be it bitcoin or gold. POS is just a variant of the fiat ponzi.

>> No.54475077

>>54474780
One of here fingers is floating and she is missing a thumb
NGMI

>> No.54475168
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54475168

>>54475071
While technically correct deflationary PoS like ethereum has the chance of becoming a Maxwell Demon, because previous PoS system required the staking of something like land in feudalism and this lead to centralization and collapse of the system as there was a finite ammount of the good being staked, or bonds in the post 1971 fiat system.

What gives Ethereum a chance at becoming a Maxwell Demon is the fact that the staked good is deflationary, nor lands in feudalism nor bonds in post 1971 fiat were deflationary.

This means there is an incentive to the high stakers to sell their stake due to gains from deflation.

>> No.54475177

>>54474780
you should be buying rats with the rest of us, https://app.balancer.fi/#/arbitrum/swap/eth/0xd2cc61a36c31425b3eb9bbeecce74a82a2e32e27

>> No.54475192

>>54475051
look at this PoS faggot
energy has value
energy was used to create coin
coin has value

>> No.54475277
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54475277

>>54475192
energy has value
energy was used to post on /biz/
/biz/ has value

>> No.54475356

>>54475168
What's the point of the last sentence.It should supposed to be backing up your argument but it reads like chat gpt line

>> No.54475398
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54475398

>>54475277
this text you just posted on /biz/ has more value than a hash minted out of nowhere on a IPO for 0$

>> No.54475531

>>54475277
No shit it does, moot sold this shithole for millions of dollarinos

>> No.54476255
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54476255

>>54475356
Every previous proof of stake like feudalism collapsed because the staked good is scarce and motivates the already stakers to accumulate more until the system collapses.

For example feual realms get centralized overtime ending the proof of stake system known as feudalism from existing from then onwards.

Ethereum deflation is different, from previous proof of stake systems imagine in feudalism if lands disappeared, this would increase the price of lands but also create an incentive to feudal lords to sell part of their lands instead of staking them.

This is an entirely different system than previous proof of stake systems.

https://en.wikipedia.org/wiki/Maxwell%27s_demon