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the bricks are the blocks not the currency, here the value is in able to write their own names on the bricks with a sharpie.
by capnorange 6y ago
the bricks are the blocks not the currency, here the value is in able to write their own names on the bricks with a sharpie.
- dperfect 6y agoStill doesn't make sense to me. > If they add their brick to the top, other students will pay them (in bricks) to write their own names on it with a sharpie Other students are paying in bricks? Is that supposed to be transaction fees, mining (that's the sudoku puzzles), or what? And is there any indication that a name on a brick means anything (or can be exchanged for anything)? Is there a limit to the number of names on bricks? Can those names be verified at any instant, anywhere in the world with near 100% confidence? I know it's a simplification for the purpose of making a point; it's just that the point becomes invalid when the simplification throws out the central characteristics of the thing that's being represented.
- capnorange 6y agosorry, I read it wrong trying to compare it to bitcoin. I think the author is only demonstrating PoW/PoS and not Bitcoin itself. > Other students are paying in bricks? This is the transaction fees. > Is there a limit to the number of names on bricks? Not necessary. > And is there any indication that a name on a brick means anything (or can be exchanged for anything)? Pride, having taken part in building the biggest building. > Can those names be verified at any instant, anywhere in the world with near 100% confidence? This is only about PoW/PoS, not decentralisation. Ofcourse, PoW/PoS is meaningless if participants are not able to validate. So, in the end it's all about the pride in being able be a part of the tallest set of bricks, hah!