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Good point. But I still don't understand how it changes the premise presented by the comment, of "The one who has the money controls the network".
by sergioisidoro 5y ago
Good point. But I still don't understand how it changes the premise presented by the comment, of "The one who has the money controls the network".
- pinkybanana 5y agoThere are lots of participants in the global economy who has money. The idea is that you have enough different people with competing incentives. PoW provides incentive model which separates different actors (pools, exchanges etc) and also at the same time doesn't seem to lead to monopolies.