Don't Watch BitBoy Crypto if you can Help Yourself
BitBoy is a slave to the YouTube algorhithm. As such he has rekt me and other crypto enthusiasts watching his channel. If you watch it, take everything he says with a grain of salt and do your own research.
In this video we compare Proof of Stake versus Proof of Work versus Nothing! Or Staking versus Mining!
I think staking is the future, but YMMV. Also, i don't think this will play out until after a very very very long time.
There's another problem with Proof of Work chains in that if the rewards are over-weighted and coming overwhelmingly from transaction costs as opposed to the block rewards, this perverse's the motivations of the miners who will then only mine transactions with the biggest gas fees associated and ignore the small gas fee ones. The whole point of the miner's is to make sure every transaction is verified and added to the blockchain, *not* just verify some transactions only IF they have extorted enough gas from the wallet owner....
Crypto Moon Math. Buy some crypto that might 10,000x. If you only spend $25 dollars, worst case is you missed a wholesome lunch. Best case is you made life changing gains. It the assymtrical gains that can be had with crypto (and penny stocks).
Previously, I showed you how money can still be made on DeFi despite the high gas fees on Ethereum. Here i show you some alternatives that you can use to make money outside of the Ethereum ecosystem. There are a lot of choices, and these are the ones I am trying out.
Also, I compare a little of this kind of DeFi versus the tokenomics of WISE and why I think the WISE tokenomics is better - once Ethereum figures out its scaling issues.
I think we found the bottom.
If you like wise and decide to buy and stake wise. You can use my ref link below for extra 10% shares.
https://wisetoken.net/?w=0xBAc1b5D2c835D2BC65B32bf2a76ACC179f9B150b