LogFAQs > #965053593

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Topic	The crypto bubble popped
DarkRoast 05/15/22 1:22:47 PM #336:	MarthGoomba posted... What about PoS blockchains with governance? More coins held = more voting power on proposals You're still not owning anything. If a coin is operated by a company that profits off the existence of a coin, and that coin gives you voting power based on percentage owned, it's effectively a stock but without intrinsic value. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. <cite>DarkRoast posted [p:965053593] in The crypto... [t:80017337]...</cite> <quote>MarthGoomba posted... </cite> <quote>What about PoS blockchains with governance? More coins held = more voting power on proposals</quote> You're still not owning anything. If a coin is operated by a company that profits off the existence of a coin, and that coin gives you voting power based on percentage owned, it's effectively a stock but without intrinsic value. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop.</quote> ... Copied to Clipboard!
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