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by dperfect
1933 days ago
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Still doesn't make sense to me. > If they add their brick to the top, other students will pay them (in bricks) to write their own names on it with a sharpie Other students are paying in bricks? Is that supposed to be transaction fees, mining (that's the sudoku puzzles), or what? And is there any indication that a name on a brick means anything (or can be exchanged for anything)? Is there a limit to the number of names on bricks? Can those names be verified at any instant, anywhere in the world with near 100% confidence? I know it's a simplification for the purpose of making a point; it's just that the point becomes invalid when the simplification throws out the central characteristics of the thing that's being represented. |
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I think the author is only demonstrating PoW/PoS and not Bitcoin itself.
> Other students are paying in bricks?
This is the transaction fees.
> Is there a limit to the number of names on bricks?
Not necessary.
> And is there any indication that a name on a brick means anything (or can be exchanged for anything)?
Pride, having taken part in building the biggest building.
> Can those names be verified at any instant, anywhere in the world with near 100% confidence?
This is only about PoW/PoS, not decentralisation. Ofcourse, PoW/PoS is meaningless if participants are not able to validate.
So, in the end it's all about the pride in being able be a part of the tallest set of bricks, hah!