Are Proof-of-Work and Proof-of-Stake Really Effective?

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node_bitNewbie
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#1Apr 3, 2023, 11:28 AM
Ever thought about how proof-of-work hands out coins to those burning energy? And then there's proof-of-stake, which rewards folks locking away their capital? Both methods do secure networks but seriously, they don't do anything for real growth. Just look at all those memecoins... they crash and burn. Even big names like SHIBA INU or PEPE didn’t really grow. It’s just whales from ETH and Binance scooping up coins from tiny liquidity pools, causing a spike for a hot minute before dumping them on retail. And all this while media writes about how they might overtake DOGE. Crazy right?
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