this post was submitted on 18 Mar 2025
1261 points (97.3% liked)
People Twitter
6723 readers
1963 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- No bullying or international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But what you said there is literally the end of my understanding of what crypto is. It has something to do with computers solving math problems, and somehow that’s worth money.
What?
It's a speculative asset that fluctuates based on the whims of billionaire hedge funds and early crypto investors. There is zero value in owning it unless you got in early enough. And even then it's a situation of the last man holding the bag. Someone will end up losing their asses.
Most crypto is. Proof of work crypto is not and brings actual stability and longevity to the table. Most people don’t understand this. Proof of stake is never anything more than gambling.
Well it really depends. The good thing about PoS is that it lowers volitilatity to some extent, because stakeholder cant take out too much of their money otherwise they'd be losing out on money they couldve been making. PoW is definitely more concrete though, PoS is really abstract for sure