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it is more than wishful, it is pragmatic, as all attempts before it were shut down by very powerful forces. The purpose of PoW is to create anti-fragile, unstop
by somjeed 6y ago
it is more than wishful, it is pragmatic, as all attempts before it were shut down by very powerful forces. The purpose of PoW is to create anti-fragile, unstoppable signals using opportunity costs. How society decides to dictate those costs is up to them. Very cool.
- p2detar 6y agoWhat were those attempts and powerful forces? I’d be interested to learn about it.
- sunshinerag 6y agoCrypto enthusiasts have been trying to create alternative to fiat currencies. Search for “digital gold”. But they all suffer from having to trust an entity which eventually leads them to be shutdown by the governments . Building a decentralised trust mechanism which can be used over the internet has been a hard problem till POW.