Proof-of-Stake

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A consensus mechanism used by many non-Bitcoin cryptocurrencies where participants validate transactions by locking up existing holdings rather than doing computational work. Critics argue it reproduces the logic of fiat money: those who already hold wealth gain proportionally more without contributing proportional work. Bitcoin deliberately does not use it.

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Value For Value

The New Economy

I’ve never had sponsors and I don’t run ads. My content is fully self-funded and supported by readers like you.

This is value for value in practice; the peer-to-peer, no-middleman principle I write about in my book.

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