Of course, but I want even going to go there. I’m trying to answer this guys questions as simply and accurately as possible without going down the rabbit hole lol.
But your point is huge!
But your point is huge!
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In simplest terms POS means whoever has the most wealth gets to be the ruler.
POW means no one gets to be the ruler. It's rules without rulers.
The world has never seen an asset with this characteristic.
Bitcoin will always be very short-term volatile, responding to the smallest fluctuations in demand with huge price shifts. It's by design. Unlike other assets, the supply schedule is fixed and doesn't change at all no matter what demand does.
The Fed has a mandate of price stability. They achieve this by varying the supply of dollars. The inevitable result is loss of buying power over time.
Bitcoin's supply is fixed, which will drive the price up, forever. The inevitable result is short term vol.