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