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Maybe Iâm an old geezer, but I have never heard anybody say proof-of-stake before. What is it supposed to mean? I still think the proof is in the pudding.
The start of Bitcoin captured my bossâs imagination. He had a fair number of coins but lost his password! To me it felt like a Ponzi, chain letter, pyramid scheme all wrapped in a prime number generating spreadsheetâŠ.
I looked it up on Wikipedia and now Iâm even more confused: Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012, although the scheme, on the surface, still resembled a POW.
To sum up the gazillion above commentsâŠâŠCrypto is imaginary money, for which, you pay real money, hoping that your imaginary money will increase in value. Then you may sell it to another sucker at a profit.
Insanity check: at present the capitalization of the major cryptocurrencies is about 54.5 billion USD, down from 174 billion two years ago today. Right at half of the current crypto is bitcoin.
https://wwW.coingecko.cOm/en/global-charts
Good thing for all non-investors is that a catastrophic event in the currency will not have a major effect on many economies.
hariseldon59 over 1 year ago
I was expecting a vampire joke.
Qiset over 1 year ago
A way to assure me that it wasnât created in a lab.
dcdete. over 1 year ago
Maybe Iâm an old geezer, but I have never heard anybody say proof-of-stake before. What is it supposed to mean? I still think the proof is in the pudding.
The dude from FL Premium Member over 1 year ago
We have one dude facing 110 years in prision for crypto theft (whatever crypto is that you imagine) and I still canât see what he gained?
Zykoic over 1 year ago
The start of Bitcoin captured my bossâs imagination. He had a fair number of coins but lost his password! To me it felt like a Ponzi, chain letter, pyramid scheme all wrapped in a prime number generating spreadsheetâŠ.
oldthang over 1 year ago
Looks like thereâll be no more color in BC.
littlejohn Premium Member over 1 year ago
Why did the cryptocurrency brush its teeth?
It wanted to remove the bitcoin tartar!
littlejohn Premium Member over 1 year ago
Blockchain and roll!
littlejohn Premium Member over 1 year ago
What did the crypto say when it had a successful trade?
âThat was byte-tastic!âlittlejohn Premium Member over 1 year ago
How do you become a millionaire with crypto?
Start as a billionaire!
littlejohn Premium Member over 1 year ago
How do cryptocurrency enthusiasts stay warm in winter?
They use bitcoin heaters!
littlejohn Premium Member over 1 year ago
What do you call a cryptocurrency that loves to gamble?
Bitcoin on the roulette.
BigDaveGlass over 1 year ago
The fact that it contains the word Crypt in the name says a lotâŠ..
jagedlo over 1 year ago
Does the way that they drew Grogâs nose in the second panel make it look like heâs blowing some bubble gun?
dflak over 1 year ago
Cryptocurrency is like Fairy Dust; it only works if you believe in it.
airbrushingsunshine over 1 year ago
B.C. Before color
MailbuEd over 1 year ago
I donât get it. Iâve never heard âProof of Stakeâ
kaycstamper over 1 year ago
Stop with the crypto, maybe you wouldnât need antidepressants!
tcayer over 1 year ago
Crypto is about as safe an investment as Beanie Babies were in the 80âs.
Count Olaf Premium Member over 1 year ago
Yeah, Grog, The Count doesnât get it either. Or care. Dilly! Dilly!
William Bednar Premium Member over 1 year ago
The biggest scam in history!
Brent Rosenthal Premium Member over 1 year ago
I looked it up on Wikipedia and now Iâm even more confused: Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012, although the scheme, on the surface, still resembled a POW.
christelisbetty over 1 year ago
Prisoner Of War schemes ? Like Hoganâs Heroes ?
Bruce1253 over 1 year ago
Crypto is ALL a scam, there is nothing behind the curtain. This is not the only Crypto Lord of the Universe who will be sent to jail.
assrdood over 1 year ago
To sum up the gazillion above commentsâŠâŠCrypto is imaginary money, for which, you pay real money, hoping that your imaginary money will increase in value. Then you may sell it to another sucker at a profit.
What could possibly go wrong??
pripley over 1 year ago
I read comics to get away from politics. I thought most people did the same. I guess Iâm wrong.
popster227 over 1 year ago
Yesterday I saw a copy of âBitcoin for Dummiesâ in my local bookstore. IMHO no book ever had a more accurate title.
bsisler21 over 1 year ago
When is M&H going to get some new crayons?
CitizenKing over 1 year ago
I thought he said proof of steak, where they show you the filet before they grill it.
zeexenon over 1 year ago
Grog, or is it Gort, mine are at the 4 corners of my properties. Klaatu barada nikto.
T... over 1 year ago
Great expressive cartoon art todayâŠ
tinstar over 1 year ago
I think itâs cute, that they drew Grog looking like he has any idea what that says.
rockyridge1977 over 1 year ago
Losing moneyâŠâŠâŠor the chance there ofâŠâŠ.depressing!
flagmichael over 1 year ago
Insanity check: at present the capitalization of the major cryptocurrencies is about 54.5 billion USD, down from 174 billion two years ago today. Right at half of the current crypto is bitcoin.
https://wwW.coingecko.cOm/en/global-charts
Good thing for all non-investors is that a catastrophic event in the currency will not have a major effect on many economies.