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Right. And PoW, more GPUs is a quality bound to physical mechanics. In order to build more GPUs, you need more fabs capable of doing so. You need a more educ
by survirtual 4y ago
Right.
And PoW, more GPUs is a quality bound to physical mechanics. In order to build more GPUs, you need more fabs capable of doing so. You need a more educated populace capable of building and improving GPUs. You also need better energy generation to not destroy the planet and provide energy for an increasingly more energy hungry society. This leads to improvements via physical conditions of survival, resulting in better macrosocial outcomes.
PoS says “you have money so you make money for no reason and you get resource allocation privileges absent binding to physical properties”. In other words, one receives all benefit without any effort. Yet effort is implicit. Which means it become abstracted and convoluted, allowing one to offset effort to no-stakers.
In other words, decision making rights lacking any consequence. Also known as a caste system. Also freezing the castes making advancement highly improbable, and deeply / forever embedding dynasty algorithmically.
There then exists no forces within the body of the mechanism to improve compute capacity nor energy gen efficiency. This, taken to the limit, is a highly undesirable outcome for advancement to the next stage of existence. In fact, it sets us back by a potentially significant margin.
The result is nothing short of digital aristocracy.
Sure, in the short term it will be a secure global compute that can operate more “efficiently” for some time. But look around you. Look at what happens when you let people make decisions without earning it / understanding the full impact of their decisions.