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PoW mining is about validation of transactions and getting paid by the network and the users for performing this service. As a miner, you're doing work, that yo
by latchkey 4y ago
PoW mining is about validation of transactions and getting paid by the network and the users for performing this service. As a miner, you're doing work, that you are paid for, and you don't even know your customers or any details about them. This is a novel concept.
I see web3, from the business point of view, as being that whole concept. It won't just be PoW mining, but there will be cases where protocols are developed, that anyone can participate in, and incentives are developed to encourage that participation.
web3 will morph into many things. It will be painful to watch and there will be many mistakes along the way, but I'm glad it is happening. I like to be positive about people experimenting with new ways of doing things.