GitProphet comments on It’s all a scam, don’t even try to tell me it’s useful

[–] GitProphet@lemmy.sdfeu.org 23 points 3 years ago (6 children)

Which is why a lot of cryptocurrencies adopted proof of stake in favor of proof of work.

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[–] kameecoding@lemmy.world 46 points 3 years ago (3 children)

which is literally a rich get richer scheme on steroids...

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[–] Rambi@lemm.ee 18 points 3 years ago (2 children)

It's trickle up economics

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[–] Hadriscus@lemm.ee 4 points 3 years ago

Just like the cycle of water ! if it never rained

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[–] HiddenLayer5@lemmy.ml 4 points 3 years ago*

Vacuum cleaner economics

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[–] Honytawk@lemmy.zip 36 points 3 years ago

Too little too late.

They were using more power than the entirety of Switzerland, just so a handful of people could get rich.

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[+] BolexForSoup@kbin.social 8 points 3 years ago* (last edited 3 years ago)

[deleted]

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