So that is why the nazis shot the communist, and the commies were their wurst enemies.
And here I was thinking that if socialist are really are communists and nazis were socialist and thus communists they would have worked together in their country. United by their identical way of thinking. As is always the case when political parties are identical.
Proof of stake is basically giving free money to the richest people on the network, those that have enough to stake. At the expense of the rest of the users.
POW is also a POS when a miner have to invest in specialized hardware.
POW also ensures that the newly created coins were not given for free but had a real cost to produce.
The bad thing is energy consumption.
But there have been research showing around 70% of the energy is from renewables.
It could in theory also be used as a way to turn excess energy produced from windpower and otherwise just wasted into more profits from windpower.
If so, mining could even drive investment into renewables. Speeding up its expansion.
I live in a small house a bit out in the country, with just me and my cat Jerry.