3 ms·
The mining reward is similar to a military budget. The higher the amount, the harder it is for someone to mess with peoples freedom to spend their money. Curre
by TekMol 5y ago
The mining reward is similar to a military budget. The higher the amount, the harder it is for someone to mess with peoples freedom to spend their money.
Currently it is about $10B per year.
The military budget of the USA alone is over $700B per year.
It is a tricky issue. How can we create security from malicious actors without spending much on defense?
How much does the world spend on locks? Probably a lot. It seems we have not found a cheaper way yet.
Maybe proof of stake will be as reliable and cheaper. We will see in a few years.