(In the spirit of DRY, I think it is time we collectively write all an adversarial collaboration about crypto on some wiki page. Then I can at least just respond with a link to the rebuttal of the same tired and lazy arguments that crypto-skeptics make)
Sure. Theoretically. Are you suggesting "crypto" isn't almost entirely proof-of-work - de facto? You think those invested care for proof-of-stake? Lol.
> same tired and lazy arguments that crypto-skeptics make
HyDrOpOweR!1! (Deprecated in 2021)
But hey, I am all for the wiki. Actually, I wonder why that hasn't happened yet...
Anyway, I don't want to make the impression all innovation in crypto fanfiction in the last decade has been lost on me! For example, I do recognize, that Bitcoin isn't promoted as currency anymore - because it utterly sucks for transactions. It's "like Gold!" now, or something. Very progressive.
Enough to stake more than 8 Million ETH (about ~35 Billion dollars) [0]
> because it utterly sucks for transactions.
Again taking Bitcoin as a whole of crypto?
Yes, Bitcoin has failed as a currency. Yes, the "digital gold" narrative is bogus. Yes, there will be a lot of Bitcoin maxis who will have to deal with the terrible realization that their "sound money" is worthless. Can we move on now?
[0]: https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...