This is part 2 of a series of posts Part 1: wtf is cryptocurrency? https://greatawakening.win/p/15JTbBnmbx/wtf-is-cryptocurrency/

In part one I attempted to explain the more major mechanisms behind how crypto works.

IS CRYPTOCURRENCY EVIL?

Well it depends on how we view evil. Put simply, I consider evil to be arbitrary or selfish intentional harm of another and international physical or social cruelty.

In the end, we must divide crypto into classes of crypto in order to make sense of this question.

Just because I don't like raisins in my cookies, didn't mean I don't like cookies.

What are the classes then?

There are two major subvariants of cryptocurrencies: PoW and PoS.

Proof of stake is a system that runs on money. I'm sorry to people who like it, I think it's evil. CBDCs are centralized proof of stake coins. In PoS, because of shaking minimums, only the rich can participate, so only the rich get richer.

Take eth as an example. Running an ethereum node costs 32 ETH minimum stake.

I currently feed my children mining ETH, when ETH becomes PoS I won't be able to contribute to the network any more. Only people with 32 ETH or 70K$ CAD to buy 32 ETH can mine.

In proof of work, the barrier to entry was a graphics card. In proof of stake, you have to be rich.

Crypto itself is just a technology. I see it like an assault rifle. We can either shoot the cabal with it, or we can let them take our guns to use against us.