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A blockchain doesn't magically create money to pay the "miners". Well perhaps it might by taking money from speculators, but that isn't really a robust basis fo
by mkj 4y ago
A blockchain doesn't magically create money to pay the "miners". Well perhaps it might by taking money from speculators, but that isn't really a robust basis for security audits.
- jakear 4y agoThe money comes from folks who want verified software and are willing to pay for it. The greatest failure of crypto thus far is convincing people it’s a speculators market. This had to happen when the only outcome of a mine was “a hash starting with a lot of 0’s and a couple hundred bytes we can all agree on”. Make mining produce something legitimately valuable and that is no longer necessary.