Paul

@futurepaul ↗

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Last Checked June 9, 2021

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Fri May 14 00:23:47 +0000 2021

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Paul @futurepaul

@KeatonTech @uvas23 @heavilyarmedc Proof of Stake, in case you aren't aware, means you "stake" your money in order to validate the chain and get rewards. More money, more influence. Even without exchanges this is a flaw. Currencies aren't typically ruined by sneaky people. They're ruined by governments. — PolitiTweet.org

Posted May 14, 2021

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Paul @futurepaul

@SteakAndJake If it's less "energy intensive" as you put it, then you need more of it for the same amount of security. Bitcoin isn't secured by its mining algo, it's secured by the difficulty of getting energy and computation to run the mining algo. — PolitiTweet.org

Posted May 14, 2021

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Paul @futurepaul

@SteakAndJake It's regulated by the price of being a miner. If the price of energy + compute + overhead is > the mining reward, then you don't mine. So mining unprofitably would be "overkill" but it's rarely done. Also it's BTC plz you're triggering me with "bits"! — PolitiTweet.org

Posted May 14, 2021