up:: Web3 MOC X:: The need for web3 physical physical projects in developing countries tags::#on/web3 novelty::
Link to Reference
url: Interview: Vitalik Buterin, creator of Ethereum
Key Ideas
There are also people who try to claim that PoS allows big stakeholders to control the protocol, but I think those arguments are just plain wrong.
They rest on a misconception that PoW and PoS are governance mechanisms, when in reality they are consensus mechanisms.
That’s interesting because I don’t really understand what this means. But it makes me wonder who actually understands the system
That reminds me of the Dunning-Kruger Effect It’s similar because everyone thinks they know what they’re talking about but really they have no idea It’s different because the Dunning-Kruger Effect is more broad It’s important because web3 is important to understand I feel