A PoW coin has the same economic impact as a 48% rate of inflation. If that’s what we have to pay to “decentralize” our currency it’s time to stop trying to do that. The burden is not on the incumbent to prove why it’s better, it’s on the new guy.
That’s what we’ve learned from this decade long experiment: it’s just not worth it. Time to put this idea to bed and pursue something worthwhile.
A PoW coin has the same economic impact as a 48% rate of inflation. If that’s what we have to pay to “decentralize” our currency it’s time to stop trying to do that. The burden is not on the incumbent to prove why it’s better, it’s on the new guy.
That’s what we’ve learned from this decade long experiment: it’s just not worth it. Time to put this idea to bed and pursue something worthwhile.