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by yunvme
1927 days ago
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And you need to bootstrap your PoS system by enriching a bunch of insiders so that they can validate your transactions. PoS systems are unfit for being the decentralized digital store of value. Bitcoin has the most fair launch any cryptocurrency can ever have. There is no alternative for Bitcoin's use case. |
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Bitcoin did not have a fair launch either, there was a lot of information asymmetry between the project insiders and the public. Satoshi's stealth-mine of ~1 million BTC for example.