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by randomhodler84 1861 days ago
Why is it? It is dishonest to compare per tx anything, also. There is a certain amount of energy used per block, so that blocks are emitted every 10 mins in a way that cannot be faked (proof of work). This trustless time stamp system allows us to arrange transactions so that chronology is respected without a trusted third party. This is technological and economic break through. It is more valuable than you realize. The energy that goes in protects ALL blocks that came before it, and thus all transactions. The security of history of transactions is increasing over time with more energy! Proof of work is good, honest and very difficult to fake. It requires no trust when only trusted models worked before — priceless