this post was submitted on 14 Sep 2023
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Which is why a lot of cryptocurrencies adopted proof of stake in favor of proof of work.
which is literally a rich get richer scheme on steroids...
It's trickle up economics
Just like the cycle of water ! if it never rained
Vacuum cleaner economics
Too little too late.
They were using more power than the entirety of Switzerland, just so a handful of people could get rich.