Is Proof of Stake an Unfair System?

Let's talk about proof of stake today. As many of you will know, Ethereum will one day transition to an entirely proof of stake based system.

Critics (especially Bitcoin Maximalists) criticise proof of stake as an unfair system that "makes the rich richer for little to no work".

Is this a fair representation? Is it any less fair than proof of work? That's what I'll be discussing in today's video.

(And apologies for the poor audio!!)


Crypto Merch Link: https://www.moonmerch.co/


DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.


▲▲▲▲▲ Looking to get started with cryptocurrencies? Check out my crash course here: https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course


DONATIONS

♥ ETH: 0xc12f59c4e23dccd369437bbdb09470879d8c0825

♥ BTC: 1L2LswVmTobmEK8dy6Yw9nWx93Z1zZ1jb3

♥ LTC: LRXk5EwrR6VJYJcLYZLNY5B1uhoiUchtF5

♥ GBYTE: 5QRFNHCHE4FN3OR5REYDM7BFJP7EPWIU

♥ Dash: XyAPcaHdZJKuXiruHkAXkKgCMWHfaPFVgc

♥ ETC: 0x3bec3f9e112e719330d1732d60b02724b1b5a76c

♥ ZEC: t1gGY496794uEC4dTPiXitU8nYgXGLm78HH

♥ DGE: DFoVXJTiGKXTPUeztrpmYEWaHtXrBK452y



ESSENTIAL CRYPTO RESOURCES

♦ Recommended place to buy Bitcoin/Ethereum: COINBASE -

Sign up here: https://www.coinbase.com/join/5897724...

♦ Recommended Wallet: LEDGER NANO S -

Available here: https://www.ledgerwallet.com/r/3c47

♦ Recommended Exchange: (TBA)



SOCIAL MEDIA LINKS

● Facebook: https://www.facebook.com/LouisThomasC...

● Twitter: https://twitter.com/LouisThomasYT

● Instagram: https://www.instagram.com/louisthomaschannel

● Snapchat: louisxthomas

● Steemit: https://steemit.com/@louisthomas



CHANNEL RESOURCES

■ My Book: How to Choose a University

Available here: http://tinyurl.com/y87e2ce6

■ Camera: Canon G7X Mark II

Available here: https://amzn.to/2mSqW6I

■ Microphone: RODE VideoMic GO

Available here: http://tinyurl.com/y9rceoer

■ Tripod: Polaroid 184cm

Available here: http://tinyurl.com/yarefpr9