2/ Efforts to create Perpetual Motion Machines went on *well after* the Laws of Thermodynamics have been discovered (into the present day). And people still got duped. Btw, everyone should check out the history of Perpetual Motion. It’s fascinating https://en.m.wikipedia.org/wiki/History_of_perpetual_motion_machines …
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3/ Theory 2: Crypto space has been completely taken over by sociopaths. Many of them know deep down that PoS is a dead end, but they will milk this cow/manipulate people as long as they can.https://meaningness.com/geeks-mops-sociopaths …
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4/ Theory 2 is admittedly a more cynical take. But IMO it does have some merits. Can you think of some personalities in crypto who might fit the profile of a sociopath?
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I think some view it as broadening the range of players that can participate in consensus? Number of people w capital + laptop much larger than those that can fab 7nm si + have access to cheap power.
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But it also closes some incentive loops that would significantly tighten the eth investment case - by linking cost of consensus to the opportunity cost of holding+locking up eth, you align holders and users in a symbiotic relationship that incentivizes eth to compete as SoV.
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The boy has 2 theories
why not make them 3?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Apparently, you haven’t done your homework to understand what POS means for validators. There are penalties expected if uptime is not maintained properly. It requires investment and work. Right there, your post is invalidated.
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Compare it to mining hardware costs and investment in terms of electricity
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