Global Feed Post Login
Replying to Avatar Mark Harvey

Proof of stake explained simply by Lyn Alden:

“[staking ETH] would be like a political system where you get a vote for every hundred dollars you have, and then also get paid a dollar by the government for casting each vote. Mary the high school science teacher with $20,000 in net worth gets 200 votes, and earns $200 from the government for voting. Jeff Bezos, with $200 billion in net worth, gets 2 billion votes, and earns $2 billion from the government for voting. He’s a more valuable citizen than Mary, by a factor of a million, and also gets paid more by the government for already being wealthy.”

Proof of stake is just a recreation of abstract power that already exists today. The rich get richer.

#[0]

95
CROSS 2y ago

Lyn spitting pure fire of truth and she always does it so politely and diplomatically

Reply to this note

Please Login to reply.

Discussion

Avatar
Mark Harvey 2y ago

She’s such a great analyst

Thread collapsed