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The crypto world is full of serious, borderline genius innovation as well as scammers and lies. I don't know why people can't accept that both can be true at th
by garbanz0 5y ago
The crypto world is full of serious, borderline genius innovation as well as scammers and lies. I don't know why people can't accept that both can be true at the same time.
What percentage of emails sent in the world are legitimate vs spam? I don't think in principle we care about the volume of BS, we only care about how easily we can filter it out from the genuine stuff. I think over time our ability to do that will get better.
Once crypto as a platform has more useful products, it'll be more obvious that it's worth it to put in the work to filter out the BS. For now, I can see why it's not so obvious. But don't be disappointed that you didn't get in early.
- miohtama 5y agoAs a related information nugget, HashCash that popularised proof-of-work concept before Bitcoin, was originally designed a email spam prevention tool. Goes far back as 1997. http://www.hashcash.org/ http://www.hashcash.org/
- garbanz0 5y agoMaybe in some scifi future where energy is cheap and clean, we could use PoW for all kinds of things where PoS doesn't make sense.
- saurik 4y agoWhat you are doing with Proof of Work is demonstrating that you are spending a relative amount of money to accomplish something by demonstrating some energy usage. As energy gets cheaper you would have to do more of it to keep up.