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Many of us have been around crypto for a long time (meaning since 2010-2011) and have not seen any progress in positive terms.

Most of crypto growth has been pure speculation/ crypto2crytpo related services/morally questionable uses.

Positives * ...

Sort of positive/sort of negative:

Evading capital controls

Being your own bank..

Big Negatives:

* POW energy use - huge one

* POS stakeholder issue

* Hard to use for Joe Sixpack

* Promotes speculation for speculation's sake(I'd say 90%+)

* Instead of Central Reserve Bank you have very shady stablecoins run by select few individuals - ahem Tether and not only Tether

Maybe someone can educate me on benefits of DeFi for a regular human being?



Defi is a scam.

Have you calculated the energy costs of the current system, when yelling "huge" energy use?

Have you considered the wasted energy of a government halving a fiat currency holder's purchasing power in a year or less?


> Have you considered the wasted energy of a government halving a fiat currency holder's purchasing power in a year or less?

In what way would that waste energy?


Look up the time value of money, inflation, and purchasing power.


What are the positive sides of "Evading capital controls"?

Also, does POS here mean "piece of shit"?


Well, if the government is truly repressive evading capital controls can be considered a good thing.

I am still convinced that most people willingly holding Tether are trying to avoid paying taxes and skirt KYC.

That is the only sane explanation for this insanity.


That's a fair point.


Proof of stake


Point of Sale maybe ...


Proof of Stake, an alternative to Proof of Work where users stake the currency for a chance to become the next validate (the winning miner). If they do anything shady or not allowed their stake is redistributed to the community.


Well, that makes more sense, thnx.




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