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Or perhaps they could pre-mine a coin they would be paid in: https://startupboy.com/2014/04/01/the-fifth-protocol/ https://startupboy.com/2014/04/01/the-fifth-p
by mceoin 10y ago
Or perhaps they could pre-mine a coin they would be paid in: https://startupboy.com/2014/04/01/the-fifth-protocol/ https://startupboy.com/2014/04/01/the-fifth-protocol/
- geofft 10y agoThis is probably off-topic, but this proposal seems dystopic and anti-disruptive. The ability to mine coins is proportional to current ownership of capital (i.e., ability to calculate proof-of-work). You "eliminate" spam by allowing the richest to send you emails. You charge for DDoS attacks. Uber and Lyft get traffic signal priority over individual drivers, and that's assuming that Uber and Lyft could even get started in a world where taxi medallion holders could just buy all the green lights and resell them to everyone other than Uber and Lyft. And if you can bid on computing capacity itself with proof-of-work, you're well on your way to a Yudkowskian horror story of sentient Ethereum smart contracts buying computer factories for themselves. If I'm trying to write open source outside the confines of traditional capitalism, the last thing I want to do is require that people's usage of it is proportional to their riches.