GoofAckYoorsElf t1_izdawef wrote
Reply to comment by prodoosh in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
What is a larger stake? More invested money. So it's the same old the few rich rule the system and get richer. That's not particularly democratic, is it?
prodoosh t1_izeut06 wrote
No it’s pretty much how the current system works. It’s the time value of money. Nothing we can change about that. It’s just more efficient to be decentralized an digital than a huge legacy financial system.
You can’t argue that interest; the single biggest invention of financial history, is a bad thing.
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