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It's not about power. Well, not electrical power. It's about control over our currency. The argument is a trojan horse for an effective ban on the entire catego
by JMTQp8lwXL 5y ago
It's not about power. Well, not electrical power. It's about control over our currency. The argument is a trojan horse for an effective ban on the entire category of currencies not controlled by central authorities.
Without Proof of work, cryptocurrency would have never been established as a novel concept. Proof of work was the only rationale way to decide who should initially own how many units of the currency.
- SketchySeaBeast 5y agoDoes it need to remain? At some point coins were composed entirely of valuable metals because that's how their value was determined, but we've moved on from that. Can't we move on from proof of work as well?