Proof of Work is able to be way more secure because in order to attack it you need to expend energy, which has real physical cost. If you fail, you lose your attack investment. This disincentives attacks.
Proof of Stake is not as secure because in order to attack it you must stake tokens, which also has a cost. But if you fail, you just unstake and you don’t lose your attack investment. This incentives attacks.
Blockbuster, banks… so fleeting.
₿itcoin removes debasement from state or anyone’s control.
Great question! The answer is that taxes are only one way the state extracts value from people.
The other is seignorage and debasement of fiat currency.
Taxes & seignorage. The two ways governments extract value from its citizens.
We are all alt characters.
Yes, and in the end all knowledge is self knowledge. You can read a thick book about how to ride a bicycle, but until you actually ride one… you don’t know how to.
If you received my zap then yes, you are using this right.
⚡️Zapped ⚡️
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🤙 #plebchain 🤙