I dont understand proof of stake

Isn't it the exact same as the same kike system we have now in which those with greater capital will always have more power and politicial sway? So why is it seen as so revolutionary? Because its (((decentralised)))? By that same logic you can argue anything is decentralised. My poop is decentralised. Is this all an elaborate pump and dump ponzi with the illusion of self sustainability that comes after years and years of promised updates ? Btc I understand, xmr. Eth's smart contracts are cool but in reality the cases where trustless scripts are needed or cost efficient are basically zero beyond muh monkey pictures.bros?

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Garbage word salad. Take meds.

It's just for the greenfags to feel better about themselves

To deep for you. Keep getting scammed


Also OP, life is a Ponzi scheme

Survival, food and Pain is real

PoS is fiat.
Simple as.

no u. you can't concentrate for a minute? Take addies

How is rich people owning all of the miners any different than rich people owning all of the tokens

Always was a scam, kiddo

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Miners must sell to make a profit.
Miners must engage with the real economy to make a profit.
Miners are incentivised to not manipulate, at least downwardly, or a least not for long, the coin's price.

PoShitters can sit without doing anything.
PoShitters don't have to engage with the real economy.
PoShitters are incentivised to manipuled the price to accumulate more, generally crashing the price until point of no-return since no one read the fable of killing the golden goose.

so ethereum is the digitalised talmudic system we currently have?
anybody with a cpu can mine xmr. You can mine it on your library pc's. if mass scale cpu mining took off like btc with asics they could rework the algorithm to be mine able on mobile phones. That is decentralisation, not to mention that with p2pools xmr will be literally immune to 51% attacks. do you not see the difference between anybody with a gpu being able to validate transactions compared to validators being locked out from not having 32 eth, that is said will be deflationary in the future? So the plan is to have a cartel of validators for perpetuity? sounds like the same system we have right now that crypto was invented to overturn

how has he gotten away with this and hoodwinked everybody into believing eth is the most secure, functional and decentralised network?

Well but you forget its better for all if the sell pressure is only 1/10
Muh real economy is also bullshit
I think POS is fine for Ethereum since there are 100ks of validators. Well the problems is lido and this shit
XMR is near perffect is needs to have POW, also BTC should have it

no its completely different dont you see it enriches the ETH whales and turns them into an oligarchy that rules over all of crypto with so much power that even bitcoiners have no choice but to bow before their power

It’s clear that network fees will be the primary driver of higher validator yields, but also that the reward structure is not economically sustainable without significant growth in those fees. Why would fees keep rising if everybody is hodling and validating, alongside the rest of the eth roadmap being to decrease gas usage and increase scalability ? It seems fundmentally unsustainable

>It’s clear that network fees will be the primary driver of higher validator yields
No you dont know the economic model
Only the small 1-2 GWEI extra fee goes to the validators the rest gets burned
The main income is the block reward

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I dont know what this is but i know that what i said is correct

ok have a nice day vitalik

What will you now say about proof of Randomness that combined the best of PoS and PoW? Dumb cunt

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this is spot on. well done OP

why am I a dumb cunt fren? that isn't very nice. how do you prove to the blockchain that they're random, and that nobody got an opportunity to look at them and act on them first?

Did you ever look up the fee model?
Block reward is the big thing, from the gas fees most get burned. Yes in a bullmarket the fee thing can be maybe just as big or bigger but a high base apy is secured by the block reward

>Engage with the real economy
You mean pay electricity bills and market sell their crypto for fiat? Or are they mining for charity and ideals alone?
Stakers are also incentivized to not dump their tokens, it affects their principle and ability to compound if they only sell.

You would never make money mining Bitcoin on a phone unless the price was absolutely asinine. It's a cute idea of course but it's a work of fiction. Would BTC ever consider moving to something accessible for normies? Because the majority of small miners have washed out due to the electricity + hardware costs long ago

your reading comprehension isnt great fren, I was talking about xmr that entire comment, the devs have changed the algo before to decrease centralisation and will do again if need be