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> Without miners there's no "crypto" and without payouts there's no miners. So "web3" can only exist where there's some financial incentive to run miners. Peop
by hypertele-Xii 4y ago
> Without miners there's no "crypto" and without payouts there's no miners. So "web3" can only exist where there's some financial incentive to run miners.
People have motivations besides financial incentive.
I've got a website. I'm paying for it. I make no money from it. The web exists.
A miner is just a spare computer in service of a network. Like a closet web server, or a seeder in a public torrent swarm.
- giantrobot 4y agoA closet web server or torrent seeder can perform its task on its own. It only requires Internet access and some electricity and it's good to go. Unless you're paying by the byte to your ISP the costs of running the server is electricity costs. A single miner can't do anything on its own so blockchain transactions require the aggregate waste of a whole network of miners to accomplish anything. For DApps to run the network of miners runs them. They demand payment for doing so. You can run a web server in your closet free of charge, a DApp that doesn't offer incentive to miners will never run. If you foot the bill for some DApp it'll cost you orders of magnitude more than a Raspberry Pi in your closet.