I read a joke that is perceived to be the absolute truth, although it is a psychological hypothesis and is widely accepted without exception, and I personally have not seen anybody to refuse it. But at the same place I read serious announcement that I absolutely agree with:
"Proof of Stake is a mechanism which aims to change the voting rights into “one coin, one vote”. The flow of Proof of Stake is simpler, you first need to lock up the coins (make them non-transferable) you would like to stake. In return, you receive voting rights relatively to your stake in relation to the entire stacked coins."
it has stronger economic barriers and incentive to keep the participants honest. The first economic barrier is it more expensive to buy 51% of the coins compared of buying 51% of the computation power, this is because when you buy a large number of coins it makes its price grow so it gets more expensive as you try to buy more coins. And here comes the great delusion - because we already have both historical information - about the great depression and about the last seems to be a strange hump, huge But&OutCoin prise arysen around the New Year 2017-2018. Can You imagine ordinary people to buy in such a condition few satoshis like a New Year present?
Well, let me tell Ya a fairy tale, called "The New Eve clearing scheme"
Once upon a time the Macro city zone marcodealer spoke to him nose:
<> The big boss is pushing me to shed 'his' money I owe (to) him - approx. $ 2 million. Well, I'm going to buy his lttle bit Butcoin in a huge price that no one has ever offered him. He will declare if it should - this is an exchange transaction, the income is clear...
I in a few days an special agency officer is a special guest of the Big Boss Loundry - small and cozy, but because of the embarrassing name, everyone called it the narrket
Big Boss:
<> If You interested of my little ButCoin, Mr. officer, I got it at a price that everyone could afford (then), I couldn't mine it on my small farm in the ceiling that I equipped for the took for the $ amount of middle level manager month salary. At least solo, because I have my own Cure to transact at. You ask me how I bet the price of the my little ButCoin selling price - it is my saving strategy, with this raising bullish temps the deal will be a matter of fact soon or little bit later. You ask me who would buy my offered ButCoin? -Ask the market, go get it tame if you can. You say volumes last year are higher more than ever, but prices of creeptos shakes downward. They are more and more private concentrated, You know... Ah! You don't know? Remember the biggest Wall Street crash 1929:
"Selling intensified in mid-October. On October 24 ("Black Thursday"), the market lost 11 percent of its value at the opening bell on very heavy trading by huge selling quotes". William C. Durant joined with members of the Rockefeller family and other financial giants to buy large quantities of stocks to demonstrate to the public their confidence in the market, but their efforts failed to stop the large decline in prices. After a one-day recovery on October 30, where the Dow regained an additional 28.40 points, or 12 percent, to close at 258.47, the market continued to fall, arriving at an interim bottom on November 13, 1929, with the Dow closing at 198.60. "
<>So what we had then, Mr. officer, Huge selling ten(dent)sions in huge volumes lowering the prices/index at it's lowest level. Selling tensions, isn't it. But now, with this mother father creepto we had attribute = higher volumes raising prices. Buyers tensions, buyers're silent low speed hunting, Mr. officer... Thank You for Your attention and I also will pay attention for many years to come. :-) And Cheers for our mighty future, concentrated around betting for amount of our hypothetical smart cloak. I've just bet at $ 2 million. Yes, Yes, taken for my little bit code string, called ButCoin. if I do so, Take That, Mr. Officer, if not - Take a deep breath and cool air, like Death Moroz. No, no ether, I said air. But yeah, they both are in some kind of sense bot sides of every after-ButCoin story. And don't forget to say Cheese (Snap!) just for the record... Bigger and Longer, please, wider chin, say 'chineesse'...
<> But, Mr. Bombino, I have never seen the Air's Cure of Wall from one side, from other so many walls at is without any cure I have...
<> Do not worry, the the 51th day is close and I can prove every stake I want and You shall bring to me. Pardon - WE want. Until thеn, we must simply keep a smooth downward rate course so the people do not perceive our future assets as their current savings. We don't want long-therm meanwhile. However, the ultra-high-level tactics are more risky and more expensive. We own and run all (without 0ne) stable hunter caines in Troy. it will be even faster and even more euthanized to act. We've engaged relatively poor thintanktoes for some new dealing strategies. Look, Mr. officer, what a fun - 10 TerraHashis at 1000 W power cost?1000 W - Like my chandelier in the guest lounge. With these big power'y coolers! What a progress, what a step ahead, how it could have happened. it is a real Magiq at 10 centos for kWh almost all around the world! Almost... Some said in Venezeeia, and in Chainesse, subsidized with subsidies by its communities these things are cheaper, but here for the time present the income is de fackto...lost qw...--(minus) $-615.03 yearly.
Hey, officer, I have an Idea -
check out the Wats on Chuck Corea...
To be continued...
