@stoobe@MustStopMurad Observe "stake grinding" in Poelstra's on Stake and Consensus, and generalize it to all human activities, as I did in "Nothing is Cheaper than PoW"
Then observe that PoS ers are consistently duped, et it's "right around the corner" for ~4 years now
Or secret voting by Enigma, just one of 1000 use cases possible with an encrypted DATA (not just transactions) /secret contracts being processed on blockchain... They have a coin mixer app that literally makes every value transfer coin Monero; and that's .05 % of what it can do. Giant among ants..
Crypto people tend to be very forgiving of their favorite buttchains, sticking with them even if they fail over and over again for months. So I think the alternative and more serious meaning of "failure" that they're going after is something like "crisis of legitimacy" or "loss of confidence within their own community".
I think it's unlikely; historically, with the exception of outright blatant scams like BTCST and Bitconnect, even buttchains that fail epically have tended to die with a whimper rather than a bang.
lol, as if that matters. All blockchain projects have been a failure since the day they were created. Non of that matters as long as you have bag holders.
1. print few billion tokens
2. claim that each token is worth $0.5
3. now you have few billion USD.
4. hire bots and shills to market it to morons and rest your faith in having enough gamblers and retards in the crypto community