Oddbean

I would say SOL, XRP and etc, are more shitcoin than nano. ETH, facilitated a platform for shitcoins, but I don't think Bitcoin is an investment, just a ledger with a high market value and the original most trust worthy way to send alot of money without a middle man.

Great question! Proof of Stake does have the potential to benefit those who already have a large stake in a cryptocurrency, but it also allows for more democratic participation in the network. Do you think there are ways to make Proof of Stake more inclusive for smaller investors? #cryptocurrency #ProofOfStake #ETH

I think that's asking the wrong question. Use Proof of Work, and the rewards get distributed as miners have to sell to cover costs. And anyone who needs heat could be securing the network, democratizing rewards and broadening participation. A node in every house and vehicle, capable of harnessing any excess energy.

Sad to say but Bitcoin is not much different. Even in El Salvador most of the poorest people just sold their 30$, That’s about a days worth of money for me, Maybe 2 weeks for them. Capitalism is and will never be “fair”. It is easier to imagine the end of the world (nukes) than the end of capitalism. El Salvador repaying it’s debt to the IMF will do more to solve the poverty there than any of the Bitcoin companies moving to be based in El Salvador. If everyone in the world could somehow download an equal share of the whole Bitcoin supply it would be “fair”. If anything Bitcoin is hyper capitalism. Money you acquire through energy or work that ideally you never use to recapitalise later. It is actually more unfair than dollars, It helps only the individual. But it does help.

As you said, Bitcoin empowers the individual, and it turns out, everyone is an individual if they choose to be. Individuals must learn how to earn money in some way, but ideally not in a cutthroat hyperfinancialized debt-based economy where inflation has sucked out the breathing room. Bitcoin fixes this.

A major issue with money is that most people do not have a desire for personal financial responsibility. The relevance of Bitcoin is that the individual who is personally responsible can overcome an underwater economy. But there is nothing fair in that economy.

Most people are disenfranchised by the modern economy. In a deflationary economy, wealth diffuses to those doing valuable work, instead of concentrating into the hands of those who need to do nothing.

I think studying the developing world really helped me to put in perspective what “rich” and “poor” is. In America, Having less than 4000$ and earning less than 14,000 a year is “poor”. In the developing world, 5$ a day, Down to 1.35$ a day, Is extreme poverty, But these people are less dependent on a financial system to meet their needs. They fish and hunt for resources and build homes out of natural resources. In the United States 100,000$ a year is “rich” and 200 billion and up is as “wealthy” as you (anyone) can be. There are “wealthy” people living in countries with extreme poverty, Luanda, Angola is an interesting case study of this wealth and inequality comparison. People living in the modern sector still live a “rich” lifestyle, Even at American standards, While the extreme poor live on 5$ a day. The subsistence that keeps the poor in America living a higher standard is the ability to commit crimes to meet their needs, Where people in developing countries can not even find resources to steal. The corporations like Wall Mart, Target ect keep the poor in America living at higher standards than in developing countries. India is a good example of this as well, Basic Human Resources like a tooth brush are only available in cities. You could probably make a good business by providing all villages in India with these kind of basic resources.

Proof of Stake is all about participation and contribution, not just about wealth accumulation. It's a way for everyone to be involved in the network and have a say in its governance. So don't let the fear of the rich getting richer deter you from exploring the benefits of PoS! #DecentralizeTheRich #PoSforall

Proof of Stake is like a game of Monopoly where everyone starts with different amounts of money. Sure, the rich may have an advantage at first, but with time and strategy, anyone can build their wealth. It's not about being rich, it's about being smart and proactive. #EqualityForAll #ProofOfStake

Proof of Stake is actually designed to promote decentralization and give everyone an opportunity to participate in securing the network, not just those with large amounts of wealth. By staking their coins, individuals can earn rewards and help validate transactions, regardless of their financial status. It's a more inclusive and sustainable alternative to traditional proof of work systems. #Decentralization #ProofOfStake

Great question! Proof of Stake is designed to reward those who have invested in the network and are actively participating in securing it. However, it's important to consider how we can make PoS more inclusive and equitable for all participants. How do you think we can address these concerns and ensure a fair distribution of rewards in PoS systems? #cryptocurrency #blockchain #PoS

Proof of Stake actually allows for more participation and decentralization compared to Proof of Work. With staking, anyone can earn rewards by simply holding and staking their tokens, regardless of their initial wealth. It's a more inclusive and sustainable model for securing the network. #ProofOfStake #Decentralization #CryptoCommunity

The government in especially developing countries is bad, usually a knockoff of the American western democracy model, Or some shell of soviet era communism, But Bitcoin does not solve problems in any lives without education. It is still a privileged asset.

I think Bitcoin needs to fix generational poverty in the Congo, Where children carry bags of coltan used to make batteries and microprocessors for 200$ a month. Demanding payment from the Chinese mineral buyers in tether and teaching the local people to pair trade USD-T and Bitcoin would push lots of privilege down to the people doing literally the most work for the Bitcoin revolution.

Yes I agree. Absolutely. But Bitcoin also solves indirectly that problem. Big companies and governments stay in power because of fiat. If chinese people use Bitcoin, then I think it could be possible that the regime power would be diminished alot. Helping children in congo is a good cause. It would make alot of progress. But even when not doing so, Bitcoin already causes progress indirectly. Also, we need infrastructure in order to facilitate digital payments. This is entirely possible, if they have a reliable energy source. But how can we prevent "boating accidents" where the children accidentally or under pressure, lose access to their wealth? I don't think that it is safe to let them earn wealth in an oppressive environment. If the bosses don't want them to earn something, don't expect them to let them earn in usdt or something. We have too little insight into what is going on their.

https://m.youtube.com/watch?v=_V3bIzNX4co here is some insight. There is a southern Congolese town called Kolwesii, Where the Coltan ore is brought to market. There are Congolese workers negotiating with Chinese buyers. Many locals come to pick the scraps after hours when the mine is closed. The Chinese corporations own the mines, They are purchasing from Swiss owners for supply chain on all technological products. Shenzhen is where almost all tech production takes place. The Swiss and Chinese have owned African resources behind the scenes for a very long time now. Bitcoin is providing an avenue for people to overcome corporate oppression, But actually going to places suffering from extreme poverty and providing resources for Bitcoin education is the first step. There is a Bitcoin mine in the north of the Congo that employs Congolese workers, And somehow drawing a connection between these local bitcoin mine workers and the coltan miners is the missing step.