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Why do you think is designed this way? Some think that proof of work is essential in order to have a monetary system that it’s really hard to corrupt hence esse
by dmarcos 4y ago
Why do you think is designed this way? Some think that proof of work is essential in order to have a monetary system that it’s really hard to corrupt hence essential for them. Search for thermodynamically sound money. I’m sure proponents would be open to alternative designs if desired properties are retained.
- woodruffw 4y ago“Hard to corrupt” is not the choice of phrase I would use, given the last month of cryptocurrency news.
- dmarcos 4y agoAn irresponsible centralized exchange crashing doesn’t challenge the fundamentals of the bitcoin protocol.
- woodruffw 4y agoSure. It just belies motives and incentives that I don’t want anywhere in my society, much less near fuel-burning power plants. Similarly: nothing about forbidding the use of fossil fuels challenges the fundamentals of the Bitcoin protocol. It’s merely been promoted to the same regulatory status as “burning tires in your backyard for heat.”