There’s a major discussion taking place. Follow Senator Catherine Lummis from Wyoming a WH. In a nutshell crypto‘s that run on proof of work are considered commodities, crypto that run on proof of steak is considered a security. Think about that for a second.
The only thing people need to honestly discuss is this. As long as there is a currency based society. There will be those at the top and those at the bottom. Those at the top will always have power through volume of what ever currency is in use. Switching to anything from fiat just allows those with abundance to transfer that wealth over to the new system and retain status. Retaining their power over everything.
They will control the volume of coin available, they will control access to it. They will control all real world goods and services dependent upon it.
A worthy conversation would be the people of the world waking up to the truth. We get rid of all currency we are free. Anything less is slavery in different name only.
You bring up great points. Currencies are centrally controlled. Proof of steak is centrally controlled. If a crypto has a CEO it is centrally controlled.
Absolute scarcity of an asset. Is a critical value.
There’s a major discussion taking place. Follow Senator Catherine Lummis from Wyoming a WH. In a nutshell crypto‘s that run on proof of work are considered commodities, crypto that run on proof of steak is considered a security. Think about that for a second.
The only thing people need to honestly discuss is this. As long as there is a currency based society. There will be those at the top and those at the bottom. Those at the top will always have power through volume of what ever currency is in use. Switching to anything from fiat just allows those with abundance to transfer that wealth over to the new system and retain status. Retaining their power over everything.
They will control the volume of coin available, they will control access to it. They will control all real world goods and services dependent upon it.
A worthy conversation would be the people of the world waking up to the truth. We get rid of all currency we are free. Anything less is slavery in different name only.
You bring up great points. Currencies are centrally controlled. Proof of steak is centrally controlled. If a crypto has a CEO it is centrally controlled.
Absolute scarcity of an asset. Is a critical value.
Proof of Stake, fren. xD Proof of Steak gives tasty bits a new meaning.