Hope you guys enjoy this breakdown! It's important to know the risks of PoS given the incredibly important merge is less than a month away. Don't forget that you can follow me on my socials for all the content that you are missing here 👉 guy.coinbureau.com/socials/. You may also enjoy my clips channel which has shorter form updates and weekly livestreams ua-cam.com/channels/R93yACeNzxMSk6Y1cHM2pw.html
Nice video and good explanation as always thank you. Just to add that Peercoin the first POS coin created found that one major issue over time is that the exchanges end up holding / staking the most coins and thus the decentralisation is exacerbated by this general flaw in the POS consensus. One big hack of an exchange also can leave a lot of coins in unfavourable hands to maintain network security.
cardano will develop a hybrid PoS/PoW consensus algorithm that will be a combination of the best traits of both once we get to 4th gen tech after the current roadmap is finished and we have progressed with the vote to continue developing cardano.
Excellent video. Regarding the centralisation of Proof-of-Stake coins, Peercoin (which was the first coin to introduce POS) got round this by using POW for initial distribution, thereby avoiding an ICO (and there was no premine). Peercoin also has 2% inflation built into it avoid deflation, and this is distribted among minters. Peercoin was launched in 2012, is still building blocks, and this month marks its tenth anniversary!
my biggest issue with pos. imagine you have been staking your coin for 6 months with no issues one day you wake up and the node owner has been bad and your coins have been slashed and you lost the last 6 months worth of coins lost. you go to withdraw said crypto but its locked up.mean while the owner of the node keep being bad by the time you finally get it unlocked you could be down 80% purely because of the owner that had the best reputation around but got bribed by someone bad. now that 50k you put in gone and nothing you can do about it.
Most POS less you restake with another validators immediately. You only wait if you unstake. Everything you said about your stake being misused applies to miners too, except bad miners don't lose anything and attack the network again
@@onetwothree4148 key points. You don’t loose your eth/btc with pow because of other’s actions to keep the network decentralised you need the little guys as there are millions of them not as many whales which I suspect will be majority of the network making it extremely centralised. If the owner of the node is being bad do you really think they are gonna release said coin so they have to stop due to lack of others capital. As I said loosing potentially most your bag because of something you didn’t even do seems excessive. Add the market volatility world of hurt for holding your favourite coin. Would in turn make people not hodl
Love Kraken but they need ACH bank transfers to really put them past CB. Only reason I still keep anything on CB bc I can easily transfer funds in and out from my bank account
Anyone who says that we need to give up POW against POS doesn't understand the importance of diversification, that is, it's more risky to keep all of your eggs in one basket, since multiple system implementations at the same time are less risky than a single point of failure..
@@SimranSingh-bo1rf And if you observed, each man has one egg lower than the other, to be better insured against kicks in the nuts, or even just sitting down! 😂🤣
I would love to see you do a video about verus (veruscoin). Not talking about price but the tech behind it. How they solved almost all blockchain limitations and so on...
Proof of stake does not work with derivatives, lending, banking etc unless those who stake borrowed coins are strictly regulated by the state. Proof of stake is ultimately based upon the premise that the stake will be voted in the best interest of the network because the person who controls the staked coins is long the asset. The fundamental problem here is that the network has no way of knowing if there is a much larger short position than the staked coins. In such a scenario the stake under the control of a net short could be voted to harm the network in order to favor the short. Derivatives and borrowed coins turn proof of stake on it's head.
This is nonsense argument that maxis make. You can't borrow anywhere near enough to disrupt consensus on any POS. You'd be lucky to ever find 10% of the stake available to borrow. That's not even close to a plausible attack vector. You'd have to buy far more than you could borrow, and you'd never recover it. POW is ultimately less secure because you can't slash attackers.
@@onetwothree4148 Not the case when the network is young. Only way to mitigate this is by allocating pre-mine. If you premine you could just as well have used a database.
@@aviatoFPV never heard of any POS coin where 10% was available to borrow, let alone the 50-67% needed to create consensus. That's why it took so long for anyone to figure out an attack on Luna. There was no way to borrow enough to cover the attack cost unless the liquidity pool vulnerability was timed.
I actually worked myself through the article ca. 1 week ago and had a lot of open questions. This video helped me understanding the article fully. Thanks guys!!
Proof of stake doesn't feel good for me. it is exactly saying whoever has the most ETH gets more (sound sketchy to anyone), POW is at least ok i am working for my crypto.
Great intro. “Will the real Slim-Crypto-Shady please stand up. Please stand up.” Not that you are shady, just good quality crypto news and your presentation equal a top performer.
I may be reading it wrong but the chart at 22:00 minute mark doesn’t add up. For Jun 2022 your total is 5.4 M transactions but it says Dot alone had 102.6 M
I think the have the K and M mixed up for DOT and Algo in the 2nd and 3rd columns - its 179.7K for Dot and 12.7M for Algo in the second column and 102.6K for Dot and 5.1M for Algo in the 3rd column.
Obviously BTC is still the king of decentralizated crypto and should stay as it is. POS is to give the government to control your crypto as they do with fiat!
payment is not an issue, already layer 2 techs such lightning network as the most superior .. in the other hand, the main core of eth is the "evm/smart contract/solidity", these programmable on top are not available in bitcoin of course, ...so mainly, for eth, doesn't matters PoW PoS, since the purpose is energy savings, so ASAP transformation to PoS as the only option of course
Proof of Randomness is best of both worlds. Also can be mined with a mobile. Only Qanplatform can off this. As well as writing smart contracts in any language. Oh and it's Quantum Resistant.
@@davycrockett8886 In PoW, your daily ETH income is independent of how much ETH you already own. It takes advantage of hardware that tens/hundreds of millions of people already own, but don't use 24/7. In contrast, making more ETH based on how much ETH you already own is the very definition of "the rich get richer."
@@chartabona Firstly you are very wrong, mostly large mining corporations mine, it's not something the average person does. Secondly you can just take your mining profits and buy more mining equipment and so make greater profits. With PoS no one needs to gain an advantage, even the poorest people can stake on exchanges, therefore keeping pace with the rich people. PoW is more suitable for the rich getting richer, because not everyone can afford to mine and keep pace with the rich and technically privileged.
@@davycrockett8886 You are wrong on this Pow is all about economies of scale, that's not the function of the rich, it's a function of those that want to invest in large farms EVERYONE has the right to join in if they want Pos use the holdings of those to determine rewards. This favors those who own more, meaning the rich who can afford more get more
People dont understand, pos is future and eth needed to be pos Next steps is more and more development to grow .. look at number of validators and address is growing each day more and more.. eth is future .. and Will attract Big players
Can you make a video on protocol change requirements among cryptos? My assumption is that BTC is most resistant to protocol changes but a technical deep dive would be appreciated.
Bitmain has manufactured more than 70% of Bitcoin miners.... If you study the VW Scandal, you will understand that PoS might be more decentralized than PoW if done correctly
@@iamahermit scalable, secure and decentralized. I am more into ada but both have some sort of lottery mechanism involved that makes it safe. Ada is scalable later on with hydra. Ada is decentralized (most of every alt I think due to k parameter). For algorand I do not know about decentralization and scalability but I do know they claimed to have solved it.
@@davycrockett8886 Yes, it is. For POW you need capital and know-how, for POS you only need capital. Hence why people with the most money get the biggest returns on POS. So POW is fairer.
@@michip.904 That's with everything. If you invest more money into something of course you should get more money. It's the exact same as investing more money into PoW mining equipment. Do you think you won't get more money, if you buy more mining machines? There is no way of getting away from the rich get richer, the only other solution is to make basically everyone poor i.e. failed communist states. And China's economy is definitely not run on an everyone must get the same money system. Further needing know how just makes it more elitist. When you need know how you wipe out a huge amount of people from participating.
I feel that you have missed 1 most important point in your introduction: >I am a pro crypto guy and have many incentives to talk very carefully so that no any huge issues of crypto get to the audiences.
Bitcoin and Litecoin reward halving supply shock coming down the track....🏖...🌬🏄🏾♂️ Last ‘round of halvings’ signaled the beginnings of the 2019 - 2021 price surge!" 2023 Litecoin halving closer each second..
Now I try to follow all the crypto news so as not to miss any significant moments. I have lost a lot of money this year and I cannot afford negligence in investing usdt.
Guy, do you ever take a break? All these vids, don't know how you keep it up! You deserve a fortnight in the sun or something, please dont burn out (but sunburn is ok!)
better than kda lol. I love Flux, it's the best decentralized cloud infrastructure but KDA layer 1 tech is on another level. They two awesome projects working together
I find it funny how they say becoming a miner requires expensive hardware and is a barrier to entry then show the hardware requirements to become a validator as. I spent now where near these numbers to get get to mining. My first rig cost $250 and returned $1 per day.
Spent $150 on a 1060ti made $5 per day..... I somehow dont have 32 eth to stake ..... They are making it a If your not RICH you cant play. Wich means CENTRALIZED. Moving to ETH Classic for mining soon.
@@boilerhousegarage simply put if all the hashrate from eth was to go to etc, etc would not be able to handle the hashrate meaning it would be cheaper to buy etc then to mine it. Another factor would be etc is a fairly dead network i.e. mining empty blocks. etc network would have to grow tremendously for it to work. Keep in mind their are many other pow networks out there it’s just a matter of which one grows the most, at the moment eth dworfs everything out there bar BTC.
@@boilerhousegarage That was just one person who came up with the idea .. creator of eth classic ? i forgot have to recheck ... that is the only reason people talked about it. sounds lame to me too.
You don't need to be a validator to stake. You are comparing validators to miners, but the correct analogy would be stakers to miners and validators to mining pools.
Ethereum will only become more secure with proof of stake. Also ethereum proof of stake cant be compared in any way with dpos variants in alt L1. Many of the arguments used in the report dont apply to ethereum proof of stake mechanism. Ethereum proof of stake is the only proof of stake mechanism that allows for scaling of nodes and decentralization.
Hope you guys enjoy this breakdown! It's important to know the risks of PoS given the incredibly important merge is less than a month away. Don't forget that you can follow me on my socials for all the content that you are missing here 👉 guy.coinbureau.com/socials/. You may also enjoy my clips channel which has shorter form updates and weekly livestreams ua-cam.com/channels/R93yACeNzxMSk6Y1cHM2pw.html
Can you consider doing an update review on Circuits of Value (Coval). Thank you.
Nice video and good explanation as always thank you. Just to add that Peercoin the first POS coin created found that one major issue over time is that the exchanges end up holding / staking the most coins and thus the decentralisation is exacerbated by this general flaw in the POS consensus. One big hack of an exchange also can leave a lot of coins in unfavourable hands to maintain network security.
Guy, Check out Alvey Chain, the new cryptocurrency faster than Solana
cardano will develop a hybrid PoS/PoW consensus algorithm that will be a combination of the best traits of both once we get to 4th gen tech after the current roadmap is finished and we have progressed with the vote to continue developing cardano.
Cardano needs to develop a decent POS first.
Kraken is my favorite exchange just because it supports Monero while all the rest are too scared too, Kraken has balls
Agree, Kraken is my favorite for the same reason. Based.
Kadena is a scalable PoW L1 & L2 smart contract blockchain… with free transactions on dapps.
Guy, you are a wealth of knowledge and i am a proud subscriber, thank you for your videos
You are very welcome
Proof of work is real value. Proof of stake is just the Fed in a different name.
Proof of work consumes too much energy
They are both a fed. This argument is irrational.
@@cryptonite3736 SO do washers and dryers but the value they provide is worth it.
Excellent video. Regarding the centralisation of Proof-of-Stake coins, Peercoin (which was the first coin to introduce POS) got round this by using POW for initial distribution, thereby avoiding an ICO (and there was no premine). Peercoin also has 2% inflation built into it avoid deflation, and this is distribted among minters. Peercoin was launched in 2012, is still building blocks, and this month marks its tenth anniversary!
What's about smart contacts?
my biggest issue with pos. imagine you have been staking your coin for 6 months with no issues one day you wake up and the node owner has been bad and your coins have been slashed and you lost the last 6 months worth of coins lost. you go to withdraw said crypto but its locked up.mean while the owner of the node keep being bad by the time you finally get it unlocked you could be down 80% purely because of the owner that had the best reputation around but got bribed by someone bad. now that 50k you put in gone and nothing you can do about it.
Proof of Stake sounds somewhat sketchy for stakers. Super high risk.
not your node not your keys
Just use Cardano. No slashing and no lock up period as it should be.
Most POS less you restake with another validators immediately. You only wait if you unstake. Everything you said about your stake being misused applies to miners too, except bad miners don't lose anything and attack the network again
@@onetwothree4148 key points. You don’t loose your eth/btc with pow because of other’s actions to keep the network decentralised you need the little guys as there are millions of them not as many whales which I suspect will be majority of the network making it extremely centralised. If the owner of the node is being bad do you really think they are gonna release said coin so they have to stop due to lack of others capital. As I said loosing potentially most your bag because of something you didn’t even do seems excessive. Add the market volatility world of hurt for holding your favourite coin. Would in turn make people not hodl
Love Kraken but they need ACH bank transfers to really put them past CB. Only reason I still keep anything on CB bc I can easily transfer funds in and out from my bank account
💯 Agree. They need to fix that quick fast and in a hurry.
Anyone else worried that Eth will become centralized once it goes POS? Institutional investors have a lot of money to throw around.
Cardano is king
@@michaelmooresaidso if only anybody would use it
Cardano is the second most centralized POS chain I can think of.
@@onetwothree4148 explain
@@onetwothree4148 don’t think to hard..
Anyone who says that we need to give up POW against POS doesn't understand the importance of diversification, that is, it's more risky to keep all of your eggs in one basket, since multiple system implementations at the same time are less risky than a single point of failure..
No you don’t understand either pow or pos. There’s no such thing as diversification in crypto. Bitcoin has no single point of failure period.
@@btc1668 Ok, put all your eggs in one basket then.. 🤦♂️
@@SimranSingh-bo1rf And if you observed, each man has one egg lower than the other, to be better insured against kicks in the nuts, or even just sitting down! 😂🤣
Kadena. If you know, you know!✌
I would love to see you do a video about verus (veruscoin). Not talking about price but the tech behind it. How they solved almost all blockchain limitations and so on...
Proof of stake does not work with derivatives, lending, banking etc unless those who stake borrowed coins are strictly regulated by the state.
Proof of stake is ultimately based upon the premise that the stake will be voted in the best interest of the network because the person who controls the staked coins is long the asset. The fundamental problem here is that the network has no way of knowing if there is a much larger short position than the staked coins. In such a scenario the stake under the control of a net short could be voted to harm the network in order to favor the short. Derivatives and borrowed coins turn proof of stake on it's head.
This is nonsense argument that maxis make. You can't borrow anywhere near enough to disrupt consensus on any POS. You'd be lucky to ever find 10% of the stake available to borrow. That's not even close to a plausible attack vector. You'd have to buy far more than you could borrow, and you'd never recover it. POW is ultimately less secure because you can't slash attackers.
@@onetwothree4148 Not the case when the network is young. Only way to mitigate this is by allocating pre-mine. If you premine you could just as well have used a database.
@@aviatoFPV never heard of any POS coin where 10% was available to borrow, let alone the 50-67% needed to create consensus. That's why it took so long for anyone to figure out an attack on Luna. There was no way to borrow enough to cover the attack cost unless the liquidity pool vulnerability was timed.
and thats why thanks to "PACT" , Kadena is the best and only reliable layer 1 blockchain in my opinion. it solves the blockchain trilemma !
Ok. Now you HAVE to cover ERGO
and KDA
I actually worked myself through the article ca. 1 week ago and had a lot of open questions. This video helped me understanding the article fully. Thanks guys!!
Gee Golly Willickers, I love Coin Bureau. I want to be just like Guy when I grow up!!! The Coin Bureau Consensus Mechanism is "Proof-of-Awesome". 😃
Proof of stake doesn't feel good for me. it is exactly saying whoever has the most ETH gets more (sound sketchy to anyone), POW is at least ok i am working for my crypto.
I guess it will all depend on eth’s developers ethics to maintain its security with “proof of stake”. Black Rock has plenty of resources to influence.
I Agree, as well as the king of manipulation imo, JPM chase
If you need to depend on anything, then there’s no decentralization. ETH is doomed, since incesption
15:59 Slash ! 🤘
Great intro. “Will the real Slim-Crypto-Shady please stand up. Please stand up.” Not that you are shady, just good quality crypto news and your presentation equal a top performer.
@11:15 all the pow Gpu coins will be "small networks" which the hash rate to over throw them will be widely available and cheap.
Great video guy as always you can dumb it down better than anyone!!! And I love you for it
I may be reading it wrong but the chart at 22:00 minute mark doesn’t add up. For Jun 2022 your total is 5.4 M transactions but it says Dot alone had 102.6 M
I think the have the K and M mixed up for DOT and Algo in the 2nd and 3rd columns - its 179.7K for Dot and 12.7M for Algo in the second column and 102.6K for Dot and 5.1M for Algo in the 3rd column.
Obviously BTC is still the king of decentralizated crypto and should stay as it is. POS is to give the government to control your crypto as they do with fiat!
Great work, as always Guy. Thanks!
My pleasure mate!
Thanks Guy for a great, timely breakdown and dive into this report, as well as including the links in the description below
payment is not an issue, already layer 2 techs such lightning network as the most superior .. in the other hand, the main core of eth is the "evm/smart contract/solidity", these programmable on top are not available in bitcoin of course, ...so mainly, for eth, doesn't matters PoW PoS, since the purpose is energy savings, so ASAP transformation to PoS as the only option of course
Proof of Randomness is best of both worlds. Also can be mined with a mobile. Only Qanplatform can off this. As well as writing smart contracts in any language. Oh and it's Quantum Resistant.
One of the few crypto channels with good sources and no FUD
18:06 In other words, PoS is literally "the rich get richer."
And how is PoW not the rich getting richer?
Unlike PoW, PoS has minimal operation costs so there’s no forcing function requiring people to sell the rewards to pay for the costs
@@davycrockett8886 In PoW, your daily ETH income is independent of how much ETH you already own. It takes advantage of hardware that tens/hundreds of millions of people already own, but don't use 24/7. In contrast, making more ETH based on how much ETH you already own is the very definition of "the rich get richer."
@@chartabona Firstly you are very wrong, mostly large mining corporations mine, it's not something the average person does. Secondly you can just take your mining profits and buy more mining equipment and so make greater profits. With PoS no one needs to gain an advantage, even the poorest people can stake on exchanges, therefore keeping pace with the rich people. PoW is more suitable for the rich getting richer, because not everyone can afford to mine and keep pace with the rich and technically privileged.
@@davycrockett8886
You are wrong on this
Pow is all about economies of scale, that's not the function of the rich, it's a function of those that want to invest in large farms
EVERYONE has the right to join in if they want
Pos use the holdings of those to determine rewards. This favors those who own more, meaning the rich who can afford more get more
People dont understand, pos is future and eth needed to be pos Next steps is more and more development to grow .. look at number of validators and address is growing each day more and more.. eth is future .. and Will attract Big players
Can you make a video on protocol change requirements among cryptos? My assumption is that BTC is most resistant to protocol changes but a technical deep dive would be appreciated.
you should do a video about the other census mechanisms and the cryptos that are linked to them
guy, do you still have your position in x-defi?
Bitmain has manufactured more than 70% of Bitcoin miners.... If you study the VW Scandal, you will understand that PoS might be more decentralized than PoW if done correctly
How does Kaspa work then?
Will ETC benefit due to the merge in ETH? Not everyone wants Pos, wouldn't that traffic go to POW?
18:58 Anyone know why Cardano isn't appear on this list?
Kadena is the only one resolving the Blockchain Trilemma....
Kadena will rip them all ✌
False, algorand and cardano have solved it already
How so?
@@iamahermit scalable, secure and decentralized. I am more into ada but both have some sort of lottery mechanism involved that makes it safe. Ada is scalable later on with hydra. Ada is decentralized (most of every alt I think due to k parameter). For algorand I do not know about decentralization and scalability but I do know they claimed to have solved it.
Ethereum is solving the trillemma. Sharding + rollups.
Pow is more fair but I invest in both pos and pow
No it is not, anyone with ETH can earn with PoS, only miners can earn with PoW. That's way more people getting a piece of the pie with PoS.
@@davycrockett8886 Yes, it is. For POW you need capital and know-how, for POS you only need capital. Hence why people with the most money get the biggest returns on POS. So POW is fairer.
@@michip.904 That's with everything. If you invest more money into something of course you should get more money. It's the exact same as investing more money into PoW mining equipment. Do you think you won't get more money, if you buy more mining machines? There is no way of getting away from the rich get richer, the only other solution is to make basically everyone poor i.e. failed communist states. And China's economy is definitely not run on an everyone must get the same money system. Further needing know how just makes it more elitist. When you need know how you wipe out a huge amount of people from participating.
Nothing fair about people with more access to Chinese rigs and cheap energy getting more rewards than people who invest in the network directly
Guy, my crypto brother. Thanks for this very clear concise explanation. Appreciate you.
Wohooo...This is so educative...Bravo 👏 Amigo Guy
Kraken in Wyoming... does this have something to do with the Chaney's?
I feel that you have missed 1 most important point in your introduction:
>I am a pro crypto guy and have many incentives to talk very carefully so that no any huge issues of crypto get to the audiences.
How do I learn all of these terms basically?
One Love!
Always forward, never ever backward!!
☀️☀️☀️
💚💛❤️
🙏🏿🙏🙏🏼
The sheer centralization is exactly why PoS coins are inevitably Digital Securities...
Agreed
50% POW and 50% POS - The best of both words!
50% in a piece of shit's not a great investment
@@antoinedesjardins6752 Didi you do your homework before you said that?
Which is better? An 18 wheel truck, or a 2 door sedan?
fabulous and clear explanations..amazing Guy, thanks a lot
The previous format was much better (with the background image on the full screen).
Good job
Security or liquidity??
so... Cardano is POS with BTC security and with highest level of decentralisation....?
If only there was a scalable PoW blockchain that solves trillema... If only.
nexus is close to solving this and is the only 3D blockchain in development
Ethereum Classic
Kraken also just purchased JUNO off the open market & listed it.
Bitcoin mining has a huge Made In China label on it
Guy, you also forget that their is 1st layers who are hybrid
Both POS and POW like zilliqa
It's not a l1
@@edouard3867 Verus is a L1 50% POW and 50% POS hybrid
ALTB is a pumped altcoins in the BSC space
Will miners move to ETC?
I love that shirt! I just bought one off your store and can’t wait to get it:)
In the context of this video, can we expect a KDA vid soon?
share in ETH stake =/= dev consensus, you can't pass an force upgrade even if you hold a tons of ETH staked..
I've bought more eth before the merge for tether reserves, but feel it's only marketing move
Bitcoin and Litecoin reward halving supply shock coming down the track....🏖...🌬🏄🏾♂️
Last ‘round of halvings’ signaled the beginnings of the 2019 - 2021 price surge!"
2023 Litecoin halving closer each second..
Remember, everything that really matters either stores or produced by energy. POS means its just printing. Newly issued coins are worth shit.
Logical fallacies galore
That all being said , I'm sure you should take a deep dive in to Kda....dear Guy...
Been following you dor a while Guy! Greetings from Belgium ✌🏽
Good info , thanks Guy
ERG is POW, it was covered by Max Maher
Thanks for the video! I'm investing my USDT in both BTC and ETH actually. I think both systems have pros and cons, but the future is with PoS.
thank you for explaining
You're welcome!
Now I try to follow all the crypto news so as not to miss any significant moments. I have lost a lot of money this year and I cannot afford negligence in investing usdt.
How does someone become a validator or miner on a block chain to make part of eth fees
AWS
Does Kraken have Epic Cash?
always a pleasure. thanks for sharing
Guy, do you ever take a break? All these vids, don't know how you keep it up! You deserve a fortnight in the sun or something, please dont burn out (but sunburn is ok!)
This is a phenomenal analysis - many many many thanks!! :-)
Very well done Guy!
Where do you buy the cool t shirts?
Hearing about Ethereum's "transition" reminds me of that South Park character grunting out "I'm not here to talk about my transition" lol.
We’ll see how PI cyprto currency will do in this market
Flux is also another best pouw better than kadena.......guy pls help to cover this hidden gem in your next crypto study
better than kda lol. I love Flux, it's the best decentralized cloud infrastructure but KDA layer 1 tech is on another level. They two awesome projects working together
I hope the ETH merge works but I have a feeling going to POS will open it up to hacks.
More than now!?
I find it funny how they say becoming a miner requires expensive hardware and is a barrier to entry then show the hardware requirements to become a validator as. I spent now where near these numbers to get get to mining. My first rig cost $250 and returned $1 per day.
Spent $150 on a 1060ti made $5 per day..... I somehow dont have 32 eth to stake ..... They are making it a If your not RICH you cant play. Wich means CENTRALIZED. Moving to ETH Classic for mining soon.
@@Bryanhaproff Do you know why people are talking about an ETHW (EtherPOW) hard fork to continue mining, when ETC is there ready and waiting?
@@boilerhousegarage simply put if all the hashrate from eth was to go to etc, etc would not be able to handle the hashrate meaning it would be cheaper to buy etc then to mine it. Another factor would be etc is a fairly dead network i.e. mining empty blocks. etc network would have to grow tremendously for it to work. Keep in mind their are many other pow networks out there it’s just a matter of which one grows the most, at the moment eth dworfs everything out there bar BTC.
@@boilerhousegarage That was just one person who came up with the idea .. creator of eth classic ? i forgot have to recheck ... that is the only reason people talked about it. sounds lame to me too.
You don't need to be a validator to stake. You are comparing validators to miners, but the correct analogy would be stakers to miners and validators to mining pools.
Ergo is the future of PoW 💥
I really like kraken there fees are next to nothing. i buy there then send to my ledger
Seems like I should've sold ETH for USDT at $2k. This dump hurts so much.
This is not a dump. This is just another day in the market.
It's a correction. Last one leg down waiting. After this market will be green hopefully
GREAT VIDEOS WELL INFORMATIVE
You’d better look at Dev analysis and extreme issues potentially destroying Eth. They are dynamics of MEV and other dynamics.
Always great value videos
The golden rule for proof of stake is he who has the gold makes the rules. Black Rock has most of the gold.
Thank for the information
Hope everyone has taken profit before next week ⤵️, should be carnage especially if Mt Gox happens 😬
Soooo, $KDA is POW, secure, fast, scalable and cheap. Can anyone address the deficits of KDA?
Network effect.
@@paulogrind for now
KDA will be King 👑
Good morning crypto brother, from another mother. Markets quake as crypto becomes cake. As gov print more paper, crypto takes it's place
Ethereum will only become more secure with proof of stake. Also ethereum proof of stake cant be compared in any way with dpos variants in alt L1. Many of the arguments used in the report dont apply to ethereum proof of stake mechanism. Ethereum proof of stake is the only proof of stake mechanism that allows for scaling of nodes and decentralization.
Just as kda can't be compared with other pow chains
Gov can seize mining material with PoW, can't with PoS.
Well done Guy and the team we don't see;)