4 ms·
To say it generates no value is a misstatement. Proof of Work offers some value, it is just consumimg too much. Think about as providing some form of uncensors
by dannyw 5y ago
To say it generates no value is a misstatement. Proof of Work offers some value, it is just consumimg too much.
Think about as providing some form of uncensorsable money, eg for orgs like Wikileakd, Tor Project, etc.
- nwah1 5y agoBut the uncensorable aspect also allows money transfer between organizations that we do want to censor, like terrorists or those who prey on children. So even that supposed benefit is largely nullified.