So as ETH switches to PoS, it will undoubtedly become even more centralized. The price of ETH and BTC will grow much larger because it has corporate backing and government regulation "the people can trust". But now they are games already won. If only there was an alternative...
And now lets review long term economics of PoS vs PoW. Its similar to fiat vs "hard money". Owning more ETH will now give you more ETH. If you think the wealth divide is bad now, think about what that sort of system does long term. We will always need a PoW smart contract network
If you know how much @MangoFarmAssets loves this device, you know that these are basically images of him greeting his 5th child into the world.
#RVN@IceWalletCold
@MangoFarmAssets It will endure as long as there is a need for trust in our interactions and the safest way to achieve that is still a proof of work secured financial and digital asset exchange
CURRENTLY ONBOARDING NEW #RAVENCOIN USERS!
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Welcome!! Kawww!!
Just here to say:
Youre not dumb. The system is overly complicated
Youre not weak. The system demands too much.
Youre not replaceable. The system just needs you to think that.
We need you
#Decentralization