Whether its Proof of Work, Proof of Stake or Distributed Proof of Stake most cryptos have one thing in common and that is they mint new coins (in other words print money) to reward those who provide value to their ecosystem. It doesn’t matter if this new money goes to miners, nodes, holders, developers or Santa Claus, the concept is the same. New money is created to pay the bills.
https://steemit.com/money/@buggedout/could-crypto-ideas-go-mainstream-part-1-economics
One big feature of crypto technology is that it is democratised. Decisions need to be made in any organisation but in a decentralised one there is no one person or body “in charge” so consensus is required to evolve and improve things for all participants. Some cryptocurrencies do this in different ways so in this post we’ll have a quick look at a few examples and then I’ll extrapolate to speculate on how these concepts might be applied to the mainstream if they were to replace our somewhat broken political system.
https://steemit.com/politics/@buggedout/could-crypto-ideas-go-mainstream-part-2-politics
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