| sorry, I read it wrong trying to compare it to bitcoin. 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! |