We don’t know exactly what happened between 0 and 1, but it’s not really that important, other than it’s “externally verifiable hash”, eg PoW.
Real Return”. I think the real return is -40% since PoS? And falling? The illusion of yield. It’s the same nonsense they use to get people to buy treasuries with yields under inflation.
It’s Wall Street tricks dressed up as yield. That’s all that’s been reinvented here. It’s not some grand hack to bypass “waste”.
I agree going after the stakers won’t shut it down. But going after the central devs? Remember liberty reserve? Ethereum is just LR, and Solana is LR2 and Sui is LR3?
Real Return”. I think the real return is -40% since PoS? And falling? The illusion of yield. It’s the same nonsense they use to get people to buy treasuries with yields under inflation. It’s Wall Street tricks dressed up as yield. That’s all that’s been reinvented here. It’s not some grand hack to bypass “waste”.
I agree going after the stakers won’t shut it down. But going after the central devs? Remember liberty reserve? Ethereum is just LR, and Solana is LR2 and Sui is LR3?