good
Was it?
JackbyDev
joined 2 years ago
The battle of the pages
It's a joke. Trolling implies intent to deceive or get a negative reaction.
No, I don't. But I do find it humourous you moderate a community called "how to sell drugs online fast" lol. And I genuinely don't mean that in some sort of "you're biased" way, truly.
Someone could say crypto "is a scam" in that proof of stake algorithms (like Ether) is just a plot for the rich to get richer and favor early adopters who have more coins.
You mean just like stocks, and banks, and real estate, and investing? Doesn’t make it a scam either. Find better algorithms. Crypto works because people use it. If something is better for everyone, it’ll end up gaining traction.
No, stocks, banks, and real estate do not give you more of themselves by mere fact of owning them. Some stocks pay dividends, but you don't get more stock for owning it, setting something up to buy more with dividends is your own decision. Banks give you interest, but that is not a function of how money works, that's something the bank does. Owning property does not give you more property over time. None of these are like how a proof of stake algorithm works.
Do I think it makes it a scam? No, not really. Do I think people saying it's a scam because of that are wildly off base? Fuck no. It's valid to be concerned about it. Do I think it's better than proof of work? Yeah, probably. The arms race of increasing hash rate so long as it's profitable energy wise is pretty nasty.
No, it's your accusation.
I never said it was a scam. I'm asking what people's response to others who feel it is a scam is.
You tell me why you think this FOSS software protocol is a scam
I listed many reasons why many people might view it as a scam here: https://programming.dev/comment/17292659
You've got a navigator avatar, dev in your username, and a programming home instance. I imagine you're capable of educating yourself enough to make some sound arguments on the topic and a bit of factual contribution to the discussion.
No need to be so condescending.
What's the criteria for something being a scam in your opinion and why do you believe others whose criteria is different from yours don't have legitimate reasons and make invalid accusations?
Right, but definitely not a ponzi scheme. Also, proof of stake is also definitely not a ponzi scheme.
I think you're doing a disservice by saying everyone who calls it a scam doesn't understand it well enough. It's not like everyone saying it is a scam are doing it for the same reason. There's a variety of reasons people have for doing it.
So you're saying there's a chance? Heh heh heh... Only a matter of time.
There are plenty of things that aren't created by scammers to be scams that people call scams.
Yes officer, this one right here.