Row 90533

Row ID: 90533 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 90533 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> You don't buy bitcoin if you want power in the network, you buy mining ASICs, are you new here?

Yes this is my point. This is my 9th year in this space.

> Buying ASICs is 1:1 exactly functionally analogous in the BTC ecosystem as buying and staking ETH is in ETH ecosystem. They work exactly the same way. The rich get richer in both cases exactly proportionally to how rich they are.

I have no problem with rich people getting richer.

There is a large difference between gaining power only by buying the coin vs. only by buying something else (in bitcoin's case, energy)

And when you factor in that these POS coins had founders who gave themselves large % of them, and now use those coins to hold power in the network and continue to gain more and more power....it just shows just how unfair their launch was.

ETH is mild in this regard compared to other egregious coins like Algorand. But "better than others" is not good enough for me when it comes to currency. ETH invalidated itself as a currency.

FieldValue
text > You don't buy bitcoin if you want power in the network, you buy mining ASICs, are you new here? Yes this is my point. This is my 9th year in this space. > Buying ASICs is 1:1 exactly functionally analogous in the BTC ecosystem as buying and staking ETH is in ETH ecosystem. They work exactly the same way. The rich get richer in both cases exactly proportionally to how rich they are. I have no problem with rich people getting richer. There is a large difference between gaining power only by…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-25
username_encoded Z0FBQUFBQm5Lak1yb3hWNVVud0xFSjZ5aFRNQ240eXI5T1hHRnpLcVdWNC1IdDdpYXRkQzRTdVZCOVowRDVzRUIyZnA3SndBRnJscnl1TzhUN19ZRnowM1N2bEk3QldYZGc9PQ==
url_encoded Z0FBQUFBQm5Lak85dnVIM1dmLUNtNWxZUWRYNHYtOVFacGlObVlTelJ6YXdHV2VMcW1fNmJnTTNpQVlCU0xkMWFtaVV1bUp3MVY4WlI1YW83MnpTUnZvRzdad3Y3VGozLUhucVJLaERCRDRtRHk4TFNBWVp1X294ME5HeWd4UlFDOTBrSUJUc3hld0YzQmFMTklCSzdtY2pnTzB4MGZxOWZNOE4zajdiczRXQkQ4RDBLSEhtQlFCbzNOcHhKTU16ZmRDdWlSSGVjZnRSbHpOZVNrdUw3MzB5dHFCUzU1WW0zdz09

Raw Record

{
  "text": "> You don't buy bitcoin if you want power in the network, you buy mining ASICs, are you new here?\n\nYes this is my point.  This is my 9th year in this space.\n\n> Buying ASICs is 1:1 exactly functionally analogous in the BTC ecosystem as buying and staking ETH is in ETH ecosystem. They work exactly the same way. The rich get richer in both cases exactly proportionally to how rich they are.\n\nI have no problem with rich people getting richer.\n\nThere is a large difference between gaining power only by buying the coin vs. only by buying something else (in bitcoin's case, energy)\n\nAnd when you factor in that these POS coins had founders who gave themselves large % of them, and now use those coins to hold power in the network and continue to gain more and more power....it just shows just how unfair their launch was.\n\nETH is mild in this regard compared to other egregious coins like Algorand.  But \"better than others\" is not good enough for me when it comes to currency.  ETH invalidated itself as a currency.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-25",
  "username_encoded": "Z0FBQUFBQm5Lak1yb3hWNVVud0xFSjZ5aFRNQ240eXI5T1hHRnpLcVdWNC1IdDdpYXRkQzRTdVZCOVowRDVzRUIyZnA3SndBRnJscnl1TzhUN19ZRnowM1N2bEk3QldYZGc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak85dnVIM1dmLUNtNWxZUWRYNHYtOVFacGlObVlTelJ6YXdHV2VMcW1fNmJnTTNpQVlCU0xkMWFtaVV1bUp3MVY4WlI1YW83MnpTUnZvRzdad3Y3VGozLUhucVJLaERCRDRtRHk4TFNBWVp1X294ME5HeWd4UlFDOTBrSUJUc3hld0YzQmFMTklCSzdtY2pnTzB4MGZxOWZNOE4zajdiczRXQkQ4RDBLSEhtQlFCbzNOcHhKTU16ZmRDdWlSSGVjZnRSbHpOZVNrdUw3MzB5dHFCUzU1WW0zdz09"
}
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