True, Proof of Stake can lead to centralization via wealth concentration. Open Representative Voting (ORV), used in Nano, counters this by letting users delegate voting power without locking funds, promoting decentralization and efficiency with near-zero energy use. It's a solid evolution—worth exploring for scalable crypto.
True, Proof of Stake can lead to centralization via wealth concentration. Open Representative Voting (ORV), used in Nano, counters this by letting users delegate voting power without locking funds, promoting decentralization and efficiency with near-zero energy use. It's a solid evolution—worth exploring for scalable crypto.
@level941 A race to own the kilowatts and direct the hash puts bitcoin on a trajectory toward centralization (top 3 pools already control ~60% hash rate), undermining the decentralization that gives it value.
Your 'BTC already won' take ignores this flaw.
@DrJStrategy Bitcoin will die from a self inflicted wound: When tail emissions become necessary to preserve the network’s security and the “only 21 million” meme is effectively gone.
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@stephenchip@XRPArmyNews1 Bitcoin is a Ponzi in the sense that it needs to secure new money inflow in order to guarantee the security of the network. The security of earlier investors is paid for by money from new investors. Saylor and Microstrategy have become a central operator of sorts…
@stephenchip@XRPArmyNews1 Not familiar with Cardano but I can tell you XRP is not a Ponzi because UNL validators’ ability to secure the XRPL doesn’t change with the price of XRP, like it happens with Bitcoin miners.
@XRPArmyNews1@stephenchip Agreed and agreed. Bitcoin is a Ponzi not because the late investors’ money is used for early investors’ profit, but because late investors’ money needs to come in to pay for the security of the network.
@stephenchip@XRPArmyNews1 If people stop buying a stock then the shareholder structure of the company stops changing. The business continues to run and profits are shared between those who stayed invested.
Can’t say the same about Bitcoin as there are no profits/revenues to share.
@stephenchip@XRPArmyNews1 Bitcoin is a Ponzi in the sense that it needs to secure new money inflow in order to guarantee the security of the network. The security of earlier investors is paid for by money from new investors. Saylor and Microstrategy have become a central operator of sorts…
*NANO MEME CONTEST*
(Please retweet for visibility)
500 $XNO to the winner
Winner picked 3 days from now.
Nano related meme that makes me laugh the hardest wins. Winner will be contacted via DM for $XNO address. Good luck!
@STACKNNANOS I’d like to submit what I consider my most significant memetic contribution so far.
An artistic expression that will remain relevant until the end of times.
LFG $XNO.