Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There’s way too much to process here. This is going to be wild.
As @schooner said ethereum uses POS which is environmentally friendly as it uses 99% less energy than the old POW mechanism.
Also yes the account could be blocked but the crypto wallet can’t be. As far as tracking goes nothing stops as user selling on am exchange amd then purchasing more from another. Tracking is effectively stopped at that point.
Proof of stake might conserve power but it is the final evolution of cryptocurrency into a pure pyramid scheme.
I don’t see how anyone is ok with the value of their currency being validated and effectively controlled by the people that have the most of said currency. I can’t imagine people with more clear conflicts of interest in mantaining an honest value of the currency.
As @schooner said ethereum uses POS which is environmentally friendly as it uses 99% less energy than the old POW mechanism.
Also yes the account could be blocked but the crypto wallet can’t be. As far as tracking goes nothing stops as user selling on am exchange amd then purchasing more from another. Tracking is effectively stopped at that point.
Proof of stake might conserve power but it is the final evolution of cryptocurrency into a pure pyramid scheme.
I don’t see how anyone is ok with the value of their currency being validated and effectively controlled by the people that have the most of said currency. I can’t imagine people with more clear conflicts of interest in mantaining an honest value of the currency.
Which is still 100% more than needed