First of all, the hype of different blockchains has garnered attention. People who fall into the hype hasn’t learned about the financial literacy and the risks of investing into those.

When Axie Infinity became popular in my country, influencers have started promoting the game and so-called scholarship, which is to refer to a new player. Within a few months of playing, people lost money. Influencers haven’t spoken about the players losing money.

Remember, investment into such blockchains carries a risk. Those are called the digital Ponzi scheme by some people.

  • sevenapples
    link
    fedilink
    arrow-up
    1
    ·
    14 days ago

    I will not spend hours of my time researching and writing a detailed reply for someone that thinks PoW can be masked as PoS. I know the fundamentals of software engineering and blockchains, and those are enough to explain why you should take the devs word about ethereum being PoS. How the staking mechanism works is irrelevant for this discussion.

    Maybe I should’ve included the small explanation in my first reply, but given the other commenter’s attitude I doubt it would matter.