Jay @Jay - 7mo
Bonkers. What would that even look like?
I see a permissionless, decentralized network of nodes enforcing a stable set of rules governing the sovereign transfer of bits of information stored in a data structure that is rendered immutable by a worldwide effort to turn physical watts into digital security. But also maybe tulips.
poe😱 @poe😱 - 7mo
It's just Bernie Madoff's The "Empire Strikes Back".
Yeah you're right. There'd need to be some kind of mechanism that adjusts the diffculty of writing transactions to the chain. But how would people even get their tokens to transfer in the first place?
Nope. No way to let the people processing transactions earn a reward for their effort. You'd just add an infinite number of tokens to the system. It'll never work.
