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A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by purple_ferret on Wednesday March 31, 2021 @12:43PM (#26649531)
There are many problems with Proof of Stake (inflation, centralization, etc). Cardano mainnet doesn't even exist yet. Smoke and mirrors.
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Re:The political case for a blanket cryptocurrency ban by djschnei on Wednesday March 31, 2021 @12:54PM (#26649693)
Cardano mainnet doesn't exist? What?...

The Mainnet has 2,289 active stake pool operators, which comes out to >99% decentralized, with 71.09% of the total ADA in circulation being actively staked on those pools ($26.83b/$37.7b). It has an incredibly active and healthy mainnet...

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Re:The political case for a blanket cryptocurrency ban by kanwisher on Wednesday March 31, 2021 @01:10PM (#26649941)
With no smart contracts or actual usable functionality. Its just a chain with staking and nothing useful
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Re:The political case for a blanket cryptocurrency ban by djschnei on Wednesday March 31, 2021 @04:57PM (#26653090)
https://i.redd.it/9v8n8zaugjp61.jpg

Nothing useful is a HUGE stretch - unless only smart contracts are 'useful'. The ecosystem is new but growing rapidly. Let's circle back to this comment in 1-2 months?

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Re:The political case for a blanket cryptocurrency ban by christiansakai on Wednesday March 31, 2021 @12:45PM (#26649562)
That remains to be seen. Ethereum has their own way of solving PoS weakness and Cardano has their own way. You need to read more.
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Re:The political case for a blanket cryptocurrency ban by svachalek on Wednesday March 31, 2021 @12:47PM (#26649575)
Inflation and centralization are just as possible on PoW (see Binance Smart Chain) and just as easy to avoid on PoS.

Cardano main net has been around a long time. It just doesn't support smart contracts yet.

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