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Ethereum’s proponents claim that a key advantage proof of stake offers over proof of work is an economic incentive to play by the rules. If a node validates bad transactions or blocks, the validators face “slashing,” which means all their ether are “burned.” (When coins are burned, they are sent to an unusable wallet address where nobody has access to the key, rendering them effectively useless forever.)
Why Ethereum Is Switching to Proof of Stake and How It Will Work
technologyreview.com
Only the wearer knows where the shoe pinches.”
Stranger in a Strange Land
Robert A. Heinlein
Your first draft isn’t an unoriginal idea expressed clearly; it’s an original idea expressed poorly, and it is accompanied by your amorphous dissatisfaction, your awareness of the distance between what it says and what you want it to say.
ChatGPT Is a Blurry JPEG of the Web
newyorker.com
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