bitcoin is not a proof of stake system
yet you can effectively deter any significant improvement (privacy, scaling, contracts) by using the argument
“let’s not scare away these big institutional players, they might sell their bags!”
which makes bitcoin quite the opposite of proof of stake: because in proof of stake, coin holders vote for upgrades
but in bitcoin, large holders get to veto any significant upgrade by leveraging pleb greed for generational wealth
what a time to be alive, we’re getting bribed by the banking class to not disrupt their monopoly!
yet you can effectively deter any significant improvement (privacy, scaling, contracts) by using the argument
“let’s not scare away these big institutional players, they might sell their bags!”
which makes bitcoin quite the opposite of proof of stake: because in proof of stake, coin holders vote for upgrades
but in bitcoin, large holders get to veto any significant upgrade by leveraging pleb greed for generational wealth
what a time to be alive, we’re getting bribed by the banking class to not disrupt their monopoly!
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