Post
Topic
Board Development & Technical Discussion
Merits 6 from 4 users
Re: [Megathread] The long-known PoW vs. PoS debate
by
n0nce
on 03/06/2022, 01:12:07 UTC
⭐ Merited by pooya87 (2) ,BlackHatCoiner (2) ,NotFuzzyWarm (1) ,JayJuanGee (1)
Bump.

#9 on CMK: Tera Luna is a version of PoS
This didn't age well.  Roll Eyes
It was quite predictable! A newbie mistake that people like LegendaryK make is to assume the 'Coinmarketcap rating' has always been the way it is now. You have to stick around for a few years to understand that projects like Terra Luna pop up, bring in a good amount of money, then due to insanely huge market caps make it into the top 10 and a short while later, crash to zero. Their place is immediately scooped up by the next scam and so it goes on.
That's why long-time Bitcoiners stop caring about these rankings; because while it seems like there are many coins 'on Bitcoin's heels', they're actually rather insignificant little pump-and-dump scams that come and go, without even getting close to something like rivaling Bitcoin.