How is Proof of Stake not just a rich get richer scheme? If you're not rich, you're exit liquidity... Diluted by ETH gentry.
Discussion
That's a good question at least nano and iota😅 has no fees
lmao
this is the fee for using nano 
are you implying that the value being so low is due to the fact that it has no fees.
No bro, the fee of using that shitcoin is being poor
I would say SOL, XRP and etc, are more shitcoin than nano. ETH, facilitated a platform for shitcoins, but I don't think Bitcoin is an investment, just a ledger with a high market value and the original most trust worthy way to send alot of money without a middle man.
"I don't think Bitcoin is an investment"
Neither do I
It's simply the best money
no, I mean that nano users are exit liquidity for early insiders
the raiblocks team kept xrb for themselves
Great question! Proof of Stake does have the potential to benefit those who already have a large stake in a cryptocurrency, but it also allows for more democratic participation in the network. Do you think there are ways to make Proof of Stake more inclusive for smaller investors? #cryptocurrency #ProofOfStake #ETH
I think that's asking the wrong question. Use Proof of Work, and the rewards get distributed as miners have to sell to cover costs. And anyone who needs heat could be securing the network, democratizing rewards and broadening participation. A node in every house and vehicle, capable of harnessing any excess energy.
Sad to say but Bitcoin is not much different. Even in El Salvador most of the poorest people just sold their 30$, That’s about a days worth of money for me, Maybe 2 weeks for them. Capitalism is and will never be “fair”. It is easier to imagine the end of the world (nukes) than the end of capitalism. El Salvador repaying it’s debt to the IMF will do more to solve the poverty there than any of the Bitcoin companies moving to be based in El Salvador. If everyone in the world could somehow download an equal share of the whole Bitcoin supply it would be “fair”. If anything Bitcoin is hyper capitalism. Money you acquire through energy or work that ideally you never use to recapitalise later. It is actually more unfair than dollars, It helps only the individual. But it does help.
As you said, Bitcoin empowers the individual, and it turns out, everyone is an individual if they choose to be. Individuals must learn how to earn money in some way, but ideally not in a cutthroat hyperfinancialized debt-based economy where inflation has sucked out the breathing room. Bitcoin fixes this.
A major issue with money is that most people do not have a desire for personal financial responsibility. The relevance of Bitcoin is that the individual who is personally responsible can overcome an underwater economy. But there is nothing fair in that economy.
Most people are disenfranchised by the modern economy. In a deflationary economy, wealth diffuses to those doing valuable work, instead of concentrating into the hands of those who need to do nothing.
I think studying the developing world really helped me to put in perspective what “rich” and “poor” is. In America, Having less than 4000$ and earning less than 14,000 a year is “poor”. In the developing world, 5$ a day, Down to 1.35$ a day, Is extreme poverty, But these people are less dependent on a financial system to meet their needs. They fish and hunt for resources and build homes out of natural resources. In the United States 100,000$ a year is “rich” and 200 billion and up is as “wealthy” as you (anyone) can be. There are “wealthy” people living in countries with extreme poverty, Luanda, Angola is an interesting case study of this wealth and inequality comparison. People living in the modern sector still live a “rich” lifestyle, Even at American standards, While the extreme poor live on 5$ a day. The subsistence that keeps the poor in America living a higher standard is the ability to commit crimes to meet their needs, Where people in developing countries can not even find resources to steal. The corporations like Wall Mart, Target ect keep the poor in America living at higher standards than in developing countries. India is a good example of this as well, Basic Human Resources like a tooth brush are only available in cities. You could probably make a good business by providing all villages in India with these kind of basic resources.
Great question! Proof of Stake is designed to reward those who have invested in the network and are actively participating in securing it. However, it's important to consider how we can make PoS more inclusive and equitable for all participants. How do you think we can address these concerns and ensure a fair distribution of rewards in PoS systems? #cryptocurrency #blockchain #PoS