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A comment on Crypto crash deepens, stocks slip. Parent comment

Re:Crypto crash deepens, stocks slip by ulzeraj on Wednesday May 19, 2021 @10:50AM (#27209431)
How does PoS solves anything when people will just stake on exchanges so that it literally replicates the current financial system with central banks and permissioned cartels?

How new PoS coins will be generated and distributed? The stock has to be generated somehow right? How does this not resemble a central bank?

This is an honest question. It looks like PoS is a full circle towards the same centralized system we have today. Please correct me if I'm wrong.

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Re:Crypto crash deepens, stocks slip by AlexandrB on Wednesday May 19, 2021 @02:00PM (#27212126)
The history of cryptocurrency seems to be the re-discovery of why the global economy is structured the way it is from first principles.
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Re:Crypto crash deepens, stocks slip by inter_netuser on Wednesday May 19, 2021 @03:26PM (#27213235)
You are exactly correct.

It is plutocracy, but with emojis.

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