Fatman3001
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Make Bitcoin glow with ENIAC


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February 21, 2016, 01:34:53 AM

...
Few people decide the future of 'Bitcoin'.... really decentralized , right ?

An unregulated currency money, created by & for people united by their unwavering faith in greed being a virtue?

What could possibly go wrong???

That's proof of stake, silly.

Proof of work is serious business, dontcha know?

There's a Russian book about NEP (1920s, after the revolution -- corrupt Soviet privatization program), and, just like today, there were shell corporations which served as facades for whatever_was_really_making_money. Anyhow, in this book they ran a firm called "Horns & Hooves," which had nothing to do with horns or hooves. In the back room, there were two barrels, a length of hose, and a hired boy. The boy's job was to put a full barrel up on the table, connect it with the length of a hose to the empty barrel below, and let the water gravity-siphon into the empty barrel. Once that was done, he simply moved the full barrel onto the table, the [now] empty one to the floor, and repeat the process ad infinitum.
Work.

If you are VButerin I will literally shit myself.