@LynAldenContact I just flip em tho. Wont hold on to them longer than a couple weeks. Gonna assume when we get the big crash NFT holders will be in alot of pain tho
@LynAldenContact I thought the same but oddly enough, the NFT crash was way slower than a crypto crash. Was pretty easy to see coming and get out. Seems like we are in an NFT uptrend again tho
Honestly, anyone trading/speculating with NFTs should only be doing so with play money that they are willing to lose.
Lots of shady stuff and liquidity issues behind the scenes.
@banginclude@charlie11417148@mperklin@QuieroSats@adam3us@ErikVoorhees@Jonbros01 No. Amount of hashpower is not the same as amount of Bitcoin owned.
Hashpower requires continual energy input and computing power. This is a cost.
Staking tokens only requires opportunity cost of the staked token. And even that is offset by "rewards" given to stake.
Saying Proof-of-Stake is bad cuz it's "the same as fiat" is as dumb as saying Proof-of-Work is bad because it's "wasting electricity."
Weak arguments that are applauded by adherents of one coin against the other.
Both systems are working well in practice, each has tradeoffs.
@QuieroSats@charlie11417148@mperklin@adam3us@ErikVoorhees@Jonbros01 ah, whatever. lookin forward to seein the way it evolves. for what I use ETH for i really don't care tbh. If i'm gonna store value, I'll use BTC. If im gonna do anything useful, I'll use somthing else
@QuieroSats@charlie11417148@mperklin@adam3us@ErikVoorhees@Jonbros01 Seems easy enough to put a cap on rewards vs stake amnt. something like if Stake amnt > x, then rewards/10.
I think some pjs actually did this(cardano).Seems like u maxis are just trying ur best to put out incomplete info.any other reasons POS leads to centralization in ur minds?
@mperklin@QuieroSats@adam3us@ErikVoorhees@Jonbros01 No one is saying they have anything to do with each other. The point is that they are fundamentally similar in terms of governance veering towards centralization.
More stake = more control of the protocol = less decentralization.
Likewise, more fiat = more power.
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