Maybe I’m an old geezer, but I have never heard anybody say proof-of-stake before. What is it supposed to mean? I still think the proof is in the pudding.
The start of Bitcoin captured my boss’s imagination. He had a fair number of coins but lost his password! To me it felt like a Ponzi, chain letter, pyramid scheme all wrapped in a prime number generating spreadsheet….
I looked it up on Wikipedia and now I’m even more confused: Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012, although the scheme, on the surface, still resembled a POW.
To sum up the gazillion above comments……Crypto is imaginary money, for which, you pay real money, hoping that your imaginary money will increase in value. Then you may sell it to another sucker at a profit.
Insanity check: at present the capitalization of the major cryptocurrencies is about 54.5 billion USD, down from 174 billion two years ago today. Right at half of the current crypto is bitcoin.
https://wwW.coingecko.cOm/en/global-charts
Good thing for all non-investors is that a catastrophic event in the currency will not have a major effect on many economies.
hariseldon59 10 months ago
I was expecting a vampire joke.
Qiset 10 months ago
A way to assure me that it wasn’t created in a lab.
dcdete. 10 months ago
Maybe I’m an old geezer, but I have never heard anybody say proof-of-stake before. What is it supposed to mean? I still think the proof is in the pudding.
The dude from FL (not bragging) Premium Member 10 months ago
We have one dude facing 110 years in prision for crypto theft (whatever crypto is that you imagine) and I still can’t see what he gained?
Zykoic 10 months ago
The start of Bitcoin captured my boss’s imagination. He had a fair number of coins but lost his password! To me it felt like a Ponzi, chain letter, pyramid scheme all wrapped in a prime number generating spreadsheet….
oldthang 10 months ago
Looks like there’ll be no more color in BC.
littlejohn Premium Member 10 months ago
Why did the cryptocurrency brush its teeth?
It wanted to remove the bitcoin tartar!
littlejohn Premium Member 10 months ago
Blockchain and roll!
littlejohn Premium Member 10 months ago
What did the crypto say when it had a successful trade?
“That was byte-tastic!”littlejohn Premium Member 10 months ago
How do you become a millionaire with crypto?
Start as a billionaire!
littlejohn Premium Member 10 months ago
How do cryptocurrency enthusiasts stay warm in winter?
They use bitcoin heaters!
littlejohn Premium Member 10 months ago
What do you call a cryptocurrency that loves to gamble?
Bitcoin on the roulette.
incognito 10 months ago
The fact that it contains the word Crypt in the name says a lot…..
jagedlo 10 months ago
Does the way that they drew Grog’s nose in the second panel make it look like he’s blowing some bubble gun?
dflak 10 months ago
Cryptocurrency is like Fairy Dust; it only works if you believe in it.
airbrushingsunshine 10 months ago
B.C. Before color
MailbuEd 10 months ago
I don’t get it. I’ve never heard ‘Proof of Stake’
kaycstamper 10 months ago
Stop with the crypto, maybe you wouldn’t need antidepressants!
tcayer 10 months ago
Crypto is about as safe an investment as Beanie Babies were in the 80’s.
Count Olaf Premium Member 10 months ago
Yeah, Grog, The Count doesn’t get it either. Or care. Dilly! Dilly!
William Bednar Premium Member 10 months ago
The biggest scam in history!
Brent Rosenthal Premium Member 10 months ago
I looked it up on Wikipedia and now I’m even more confused: Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012, although the scheme, on the surface, still resembled a POW.
christelisbetty 10 months ago
Prisoner Of War schemes ? Like Hogan’s Heroes ?
Bruce1253 10 months ago
Crypto is ALL a scam, there is nothing behind the curtain. This is not the only Crypto Lord of the Universe who will be sent to jail.
assrdood 10 months ago
To sum up the gazillion above comments……Crypto is imaginary money, for which, you pay real money, hoping that your imaginary money will increase in value. Then you may sell it to another sucker at a profit.
What could possibly go wrong??
pripley 10 months ago
I read comics to get away from politics. I thought most people did the same. I guess I’m wrong.
popster227 10 months ago
Yesterday I saw a copy of “Bitcoin for Dummies” in my local bookstore. IMHO no book ever had a more accurate title.
bsisler21 10 months ago
When is M&H going to get some new crayons?
CitizenKing 10 months ago
I thought he said proof of steak, where they show you the filet before they grill it.
zeexenon 10 months ago
Grog, or is it Gort, mine are at the 4 corners of my properties. Klaatu barada nikto.
T... 10 months ago
Great expressive cartoon art today…
tinstar 10 months ago
I think it’s cute, that they drew Grog looking like he has any idea what that says.
rockyridge1977 10 months ago
Losing money………or the chance there of…….depressing!
flagmichael 10 months ago
Insanity check: at present the capitalization of the major cryptocurrencies is about 54.5 billion USD, down from 174 billion two years ago today. Right at half of the current crypto is bitcoin.
https://wwW.coingecko.cOm/en/global-charts
Good thing for all non-investors is that a catastrophic event in the currency will not have a major effect on many economies.