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Proof of Stake using the eUTxO model is the result of taking Nakamoto’s miracle and enabling it to solve real-world problems in a truly decentralized manner.
Michael Saylor shared: The creation of Digital Property using Proof of Work and Nakamoto Consensus is a modern miracle. Bitcoin.
Community Response: So, let me get this straight. Now, I use BTC UTXO model and run smart contracts? And DeFi?
Ya, maybe in 2009. Get with these times. In 2022 PoW is antiquated technology. POW is to the internal combination engine as PoS is the EV revolution.
I’m just happy IOTA has the Nakamoto consensus without the miners, energy waste, or especially transaction fees. The future is here.
It’s neither the first dump nor the last. Some people don’t want to get rich. It’s their problem. Bitcoin will have its up and down, until it becomes a 100 trillion-dollar asset.
Bitcoin needs a miracle now after it has crashed, who will invest billions of dollars now to increase its value?
XRP solves all of the inefficiencies in the Proof of Work with the Nakamoto Consensus mechanism.
The greatest achievement of computer science in the 21st century is a massive amount of computing power allocated to create random numbers. Truly, a miracle of mathematics and computer science.
The comprehension of a single numeral is a blessing indeed let alone to find a Goedel number that encodes for bitcoin. Thanks be to the sages of numbers – Imagine what else lies out there in the oceans of potentiation.
Genuine Bitcoiners find themselves down the rabbit hole, knowing that coming back up to the surface (selling) is not an option. Genuine Bitcoiners enjoy the exploration and the “re-learning” and are thankful to be among those who live in awe of this magnificent discovery.
You only lose if you sell, cryptocurrency is the future no matter if it’s up/down, we will see amazing things shortly.
Are you planning to hold it for a long time? I am also optimistic about future development.
Proof of Stake is only a system where the rich get richer.
The concept of Bitcoin is good. Bitcoin itself is not exactly the ideal coin If middle-class people buy it do you think they will be richer or they are helping the early rich investors get richer. Look at those who are buying huge amounts of BTC. Rich getting richer.
For everyone out there. What can I do to get back into my blockchain wallet now that I lost the seed phrase I relayed on my memory and I don’t have much of it?
Our lovely BTC is heading back to somewhere below 33k dollars. Stay strong dear Hodlers and stay healthy.
Without bitcoin, we would not be here talking about cryptocurrency today. Thanks to Satoshi Nakamoto.
It is brilliant but it needs to be refined because we can’t spend 5 dollars and 30 minutes to buy a pack of gum.
Any investment of large amounts needs is safety proof of security. Nobody knows who is Satoshi and if he starts selling his coins it can cause serious losses for everyone. Knowing these wealthy people are still buying. What do they know we don’t?
It’s a miracle how much wealth was transformed from average Joe to whales’ pocket in the last 2 bull runs. It’s also a miracle how bad wealth inequality was created with bitcoin. People should see the results and not what the promises are.
That was inevitable. What would be a miracle is if the same process were extended widely to assets that cannot be easily quantified, such as the wisdom of seniors, the smallness of one’s environmental footprint, etc, etc.
What do we have here? Is the opportunity for those who missed the Bitcoin train, to get their tickets. Whether and when you choose to buy said tickets? Is up to you. This is a blessing in the long run. You will see. Or will you miss the train again?
