When Bitcoin crashes 50% there are no bailouts and mainstream finance is quick to label it a Ponzi scheme.
When Traditional markets crash 50% mainstream finance begs the FED to print trillions of dollars and bail them out.
One of these sounds more like a Ponzi than the other
There's some interesting recent back-and-forth on the bitcoin-dev mailing list about proof of stake. I'll add some links here as I come across them.
First, I love how simple Voskuil makes his anti-proof-of-stake-argument, albeit it's only one angle, it's kind of interesting:
This blog about attacks on proof of stake reminds people of the anti-DOS feature of PoW which is easy to forget: https://medium.com/@dsl_uiuc/fake-stake-attacks-on-chain-based-proof-of-stake-cryptocurrencies-b8b05723f806
You know what would really make this timeline spicy? If Peter Schiff does a 180 and comes out in support of #Bitcoin against Musk's idiotic comments. 🤣
Value: 100.0 BTC
Created: 193979 (2012-08-15)
Redeemed: 670185 (2021-02-11)
Total: 81 (27938)
Active: 35 (20415)
Redeemed: 46 (7523)
I'm particularly bullish on the total node count. 👍
There comes a time in every man's life where he finds himself wantig to manage his own keys and run his own #Bitcoin node.
Armenia. Bitcoin. Networks. Closed-minded.
The Aristocracy is forever.
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