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A comment on Cryptocurrency Blockchains Don’t Need to Be Energy Intensive. Parent comment

Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive by atweiden on Monday July 05, 2021 @09:36PM (#27743431)
Running a proof-of-work mining business isn’t risk-free: being wealthy alone is no guarantee of success. Conversely, with button clicking for autoyield, success is all but guaranteed.

There’s really no comparison. Running a business with high fixed and variable costs, and considerable competition is far more difficult to pull off successfully than a passive investment. Which one do you think favours a “gilded elite” more?

[ Parent | on HN ]
Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive by 22c on Tuesday July 06, 2021 @02:09AM (#27744727)
You're operating on the assumption that the elite make their money passively.

Putting money in a bank isn't even enough to keep up with inflation at the moment, the same is true for Proof of Stake coins, too.

[ Parent | on HN ]