Pow Thoughts
Well one of the reasons I like PoW over PoS is PoW feeds the real world economy - power plants, equipment, people to run the miners etc. But it's somewhat pointless - the only purpose of the economic activity is to generate crypto coins and validate blocks. It's not quite a broken-window fallacy but it's close enough I can see it makes ppl uncomfortable (especially while crypto remains something of a "toy")
So by analogy to kids being introduced to finance via real world jobs etc, but also in line with encoding social goods into the structure of the currency, I was wondering if there was some way to capture and encode the act of providing real, nonfinancial value to someone else - whether helping them move house, taking orders at a counter, or whatever - into the block generation/signing process and rewarding the ones making the contribution with coins.
The only thing I can think of is some kind of social approval thing - collecting enough "points" from other people for your efforts
though that could lead down a dark path too
it's a half-baked idea.
Leave Pow Thoughts to:
Best Posts From creepybird
We have not curated any of creepybird's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.