this post was submitted on 14 Sep 2023
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Memes

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It’s all a scam, don’t even try to tell me it’s useful (i.imgur.com)
submitted 1 year ago by Custoslibera@lemmy.world to c/memes@lemmy.ml
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[–] GitProphet@lemmy.sdfeu.org 23 points 1 year ago (3 children)

Which is why a lot of cryptocurrencies adopted proof of stake in favor of proof of work.

[–] kameecoding@lemmy.world 45 points 1 year ago (1 children)

which is literally a rich get richer scheme on steroids...

[–] Rambi@lemm.ee 18 points 1 year ago (2 children)

It's trickle up economics

[–] Hadriscus@lemm.ee 4 points 1 year ago

Just like the cycle of water ! if it never rained

[–] HiddenLayer5@lemmy.ml 4 points 1 year ago* (last edited 1 year ago)

Vacuum cleaner economics

[–] Honytawk@lemmy.zip 35 points 1 year ago

Too little too late.

They were using more power than the entirety of Switzerland, just so a handful of people could get rich.