[bawolff]

And how do you make sure that a single person doesnt create multiple accounts in order to also be the verifier of their own work? Since that is the entire problem PoW is trying to solve, if you have a solution to that, why not just use it directly?

> PoWers achieving increasing status levels when not cheating over time, incentivising long-term honest behaviour

We're talking millions of dollars here (if not more). In the real world people would easily spend years doing a long-con with that type of pay out. Why wouldn't they do so on the internet?