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"The lightning hostile takeover raises fresh questions about the unregulated nature of digital currencies and the lack of protections for investors."

People worth their salt have known proof of stake has been broken for many years.

Question 1. Why do people trust the founders of these scams?

Question 2. Why do we refer to them still in mainstream discourse as systems that even qualify as cryptocurrencies?

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> Question 2. Why do we refer to them still in mainstream discourse as systems that even qualify as cryptocurrencies?

Because a sizeable part of the population that doesn't care about cryptocurrency but cares about climate change has been sold on the idea of it. They were told that PoS can get by without the energy waste of PoW.

Marketing for PoS was pretty good.

PoS is the bus that goes faster if it doesn't have to stop to pick up passengers.

This has nothing to do with PoS.

Q2: Agreed - this does not qualify as "cryptocurrency".

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