submitted by /u/YearninglyCarefree [link] [comments] |
source https://www.reddit.com/r/btc/comments/t2unje/elon_musk_steps_up_to_save_ukraines_internet_but/
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Today, the 1% richest people holds more than half the worlds wealth. How could PoS ever be as secure as PoW in a potential future where a small minority of superwealthy elites own the more than 51% of PoS crypto? These superwealthy elites could then conspire to take peoples money, manipulate transactions, and even kick "undesirable" people from using PoS crypto altogether.. Just my humble opinion.
I foresee the following things happening: Russia gets blocked from SWIFT, Russia then nationalizes all western assets in Russia, the West replies by doing the same thing. Russia starts utilizing Bitcoin for payments and Bitcoin sky rockets. To thwart this, the West bans Bitcoin.
I'm just an idiot. Does this sound ridiculous?
If you could answer one of my questions, I would appreciate it. To provide financial support to the deaf school in Honduras, I would like to organize a fundraising campaign. What is the ideal way to proceed? It is possible to get funding through GoFundMe. What I wonder is whether cryptocurrency could be used to accomplish this. Can Bitcoin Cash donations help achieve this goal? Thanks in advance for any suggestions.
If so, What is the process of validating the wallet address intended for donation? This would eliminate doubts to the greatest extent.