Proof of Stake is the worst form of Socialism. It is Socialism governed by the wealthiest elite
Proof of Work is brute Capitalism. It Capitalism without regard for life or health.
STX is Proof of Transfer (secured by bitcoin's hash-power and the Stacks network).
Proof of Transfer is the best of both worlds. It is community and global capitalism with community and global responsibility.
When a technology is simultaneously a store of value, & a utility, the demand for it is exponential, people will seek it in both states, but for different and individual purposes. STX earns BTC for the directed purposes of any individual and as that individual desires with minimal network effect. STX drives community demand only as demanded by the community. STX drives Network benefits only as desired by the Network.
Lets imagine a series of networked micro-communities built with sun energy using solar panels that photochemically convert the atmospheric water into liquid hydrogen. This is being done today.
That hydrogen is then stored as energy in fuel cell batteries. That energy is then used in part to mine community bitcoin.
That community bitcoin is used in part to build and maintain community infrastructure and finance community healthcare.
The community will also use a small portion of the wholesale mined bitcoin to leverage the Stacks Proof of Transfer PoX miners. The STX block reward will support the maintenance and expense of bitcoin mining. The winning PoX miner's committed bitcoin is allocated randomly to the locked Stacks token holders that are all also bitcoin miners.
The locked pools secure the stacks chain and bitcoin node operators secure the bitcoin chain.
The community through Non-fungible tokenized (NFTized) hashed identity quadratically vote on finance mechanisms using the creation of decidable language smart-contracts.
Those smart-contracts execute for community tokenized provenances or (NFT's) of decentralized communication, decentralized wealth & decentralized egalitarian and merit based commerce. And the by-product is pure H2O and clean air.
Proof of Work is brute Capitalism. It Capitalism without regard for life or health.
STX is Proof of Transfer (secured by bitcoin's hash-power and the Stacks network).
Proof of Transfer is the best of both worlds. It is community and global capitalism with community and global responsibility.
When a technology is simultaneously a store of value, & a utility, the demand for it is exponential, people will seek it in both states, but for different and individual purposes. STX earns BTC for the directed purposes of any individual and as that individual desires with minimal network effect. STX drives community demand only as demanded by the community. STX drives Network benefits only as desired by the Network.
Lets imagine a series of networked micro-communities built with sun energy using solar panels that photochemically convert the atmospheric water into liquid hydrogen. This is being done today.
That hydrogen is then stored as energy in fuel cell batteries. That energy is then used in part to mine community bitcoin.
That community bitcoin is used in part to build and maintain community infrastructure and finance community healthcare.
The community will also use a small portion of the wholesale mined bitcoin to leverage the Stacks Proof of Transfer PoX miners. The STX block reward will support the maintenance and expense of bitcoin mining. The winning PoX miner's committed bitcoin is allocated randomly to the locked Stacks token holders that are all also bitcoin miners.
The locked pools secure the stacks chain and bitcoin node operators secure the bitcoin chain.
The community through Non-fungible tokenized (NFTized) hashed identity quadratically vote on finance mechanisms using the creation of decidable language smart-contracts.
Those smart-contracts execute for community tokenized provenances or (NFT's) of decentralized communication, decentralized wealth & decentralized egalitarian and merit based commerce. And the by-product is pure H2O and clean air.