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What I don't get with PoW, why would you want people to convert electricity into your coin? You're enriching an entity (the power company) that is not involved
by TACIXAT 8y ago
What I don't get with PoW, why would you want people to convert electricity into your coin? You're enriching an entity (the power company) that is not involved in your economy. They aren't going to use the money you give them to provide liquidity to the holders.
- root_axis 8y agoIt's not even "converting" the electricity into a coin because the amount of energy burned has no relationship to the amount of transactions processed or "coins" generated.
- solotronics 8y agoHow do you create something digital that cannot be forged or stolen and also has proven rarity? PoW is one way. I think the other methods such as proof of stake havent really been proven yet.