Replying to Avatar MattKayBTC

The US dollar is both proof of work and proof of stake.

It's proof of work for you, because for it you have to exchange your real energy, time, and the sweat of your brow.

It's proof of stake for the government/Fed, because they control the means of producing more tokens.
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BITwise 🐳 >>= RIGHTish 2y ago

Proof of stake is an inflationary system by which the natural "monetary" flow enables rich to get richer and poor to get poorer.

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MattKayBTC 2y ago

Agreed, I believe most of the problems we’re seeing right now stem from this