Proof of stake is what it’s called, but then it’s even more of a ponzi scheme because you have to buy in. Like they’re literally recreating coconut island.

Also nobody seems to actually be doing it, possibly for exactly that reason. It’s just a green-washing promise of an idea.

Federation and crypto are two completely opposite philosophies of decentralisation.

Crypto is based on zero-trust, which sounds cool and edgy if you’re 15, but in practice it turns out that the people drawn to a zero trust system are untrustworthy. It’s not surprising that it’s full of Nazis.

Federation is designed around trust, which is the way our meatspace social networks actually work, and I think it’s the only reasonable way forward.