While the Ropsten merge overall went well you can still pretty clearly spot the point of the merge with a sudden drop of attestation participation rate. A hint that ~14% of the validators, likely specific client combinations, had some issues.
PoS explained 👇👇
I create 1000 coins and sell you 100 and I promise give you 1 every month only if you don't sell
Then I have the time to sell the 900 left
PoS stands for Proof of Stupidity or
Po = Ponzi
S = Scam
Any Guaranteed Yield always is a scam! It includes PoS
1/
People sometimes ask what are the real use cases of cryptocurrencies. This is an honest question. I used to ask it myself. When they say the answers they're getting are bad they're being honest. Here are some better answers (thread)
People seem to have learned that risk free 20% annual interest is not a thing. Next they're going to have to learn that risk free 10% annual interest is not a thing.
@parithosh_j@vdWijden@prylabs @HyperledgerBesu @nethermind@ErigonEth@dannyryan We've set up more recurring sync between client teams over the next month to make sure we keep progressing on these. I shared on the call that roughly 1 month from now is when we probably need to make a call about pushing back the difficulty bomb or not.
Traditional financial industry analysis is doomed to fail at predicting which #blockchain technologies will see mass adoption. A thread 1/8: 🧵 https://t.co/LDKLL1mVMC
Proof-of-Stake is legacy tech. It's what corporations and banks have run on for centuries.
It's outdated and oligopolistic. And yet, still useful for centralized systems.
Proof-of-Work is the new innovation, especially when combined with difficulty adjustments.
Chia is committed to being the most secure and sustainable blockchain.
Check out @gilliantett's piece in today’s @ftmoralmoney newsletter to learn more about how our work with the World Bank is helping advance carbon offset markets! #FTMoralMoney#Carbon#Crypto