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by jstanley 3265 days ago
Until we come up with a viable way to secure cryptocurrency without proof of work, such incentives are necessary.

If good people weren't incentivised to spend energy on securing the network, it would be easier for bad people to spend energy on cheating the network.

2 comments

Until we come up with a viable way to secure cryptocurrency without proof of work, such incentives are necessary.

This assumes, of course, that cryptocurrency itself is necessary.

"Until we come up with a viable way to secure cryptocurrency without proof of work" -> Until we come up with a cheaper way to trust centralized entities in power.