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by arcticbull 1686 days ago
I mean, it's still worse than not doing any of this lol, and that's the null hypothesis we should be using. Yes, getting stabbed is better than getting shot, but maybe stay inside and fire up a nice S3 bucket.

The real problem is any proof of resource scheme immediately becomes a grey goo where folks are incentivized to consume literally all that resource wether it makes sense or not. It has no negative feedback loop. It cannot make sense.

Also, because of market pricing of the tokens businesses cannot actually leverage it (as they don't want wacky prices that vary by the minute) so you're left with, as usual, illegal content, gambling, speculation and other misc crime. Basically why Filecoin has a small rack of hard drives' worth of stored data and Chia has exabytes and exabytes of garbage - or did, does anyone care about that one anymore?

It makes more sense to just store garbage if your goal is to run a neat little pyramid scheme.