In economics there’s no monetary system based on proof of hope. Cryptocurrency is based on two basic premises that exist in every other monetary system: Proof of Work, which is: you are willing to earn fair market value for your (worker’s) labor participation rate. Or blue collar Cryptocurrency. Proof of Stake, is you have enough to hold on to to make your Cryptocurrency earn for you, similar to leverage, or white collar Cryptocurrency. Buying and HODLing is Proof of hope, similar to leaving your money in the bank and hoping someone will give you more money.
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2022-02-16