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A short insight about the basics of proof-of-work being squandered more and more by PoS'mentality.
The ecosystem thrives when builders do, but rewards currently favor the passive parasites.
youre speaking @Car's language.
im guessing the PoS situation will crash in ways these parasites are not prepared for.
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100 sats \ 1 reply \ @Car 23 Jul
oh' you must have seen my workshop last month
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0 sats \ 0 replies \ @ek 23 Jul
Is it intentionally behind a login wall?
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11 sats \ 0 replies \ @ek 23 Jul
I think this piece is missing consideration of risk when talking about rewards. Pretty shallow tbh.
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The only salvation may be in a leverage driven crash that takes out coinbase, the efs, and the treasury companies.
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The SoV quality of BTC is being quite reasonably used buy many including Treasury companies in response to the constant devaluation of fiat and the regulatory regime that is place in almost all jurisdictions. Almost everywhere that Bitcoin is allowed it is primarily allowed as a SoV speculative commodity but its use as a P2P payment protocol is strongly obstructed. It suits the bankers and governments for Bitcoin to be prevented from use as a MoE, while its use as a SoV speculative commodity enables KYC tracking, taxation and increasing centralisation of ownership all of which assist in further obstructing use as a MoE. It is as a MoE alternative to fiats monopoly that Bitcoin is truly revolutionary and that revolution is being stymied by the fiat power brokers. Use your power as a holder of Bitcoin- by using your sats as MoE wherever the opportunity presents.
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