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This is maybe a bit of a tangent, but the fact that transaction validation happens as part of Bitcoin’s proof-of-work process is incidental. It’s perfectly fine
by blintz 4y ago
This is maybe a bit of a tangent, but the fact that transaction validation happens as part of Bitcoin’s proof-of-work process is incidental. It’s perfectly fine to mine an empty block, and the only incentive to include transactions is transaction fees. You earn rewards even if you conduct no transaction validation.
The analogous option for DollarCoin would be letting you put a placard in the video with some (valid) transactions on it and recoup a fee from each.
The point is that, it’s not such a bad analogy of just “proof-of-work”, which is a meaningfully separate concept than decentralized transaction validation. Though I agree, I mean a regular person might definitely be more confused than helped by the ‘dollars on fire’ analogy.