it's already pay2play
Post by twetch#1784
and you and I cannot "play" in the current system. But with POW we each get a vote that is ranked by energy and the deep-pocketed now must actually pay up for energy instead of just wash trading fiat and user attention amongst themselves.
What the chain says
- Block
- 659 486
- Time
- 2020-11-02T04:54:45Z
- Signer
- 17DJKzxx6XvzHy41vRTYU91ugMtFY1CNQ2
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1784
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17DJKzxx6XvzHy41vRTYU91ugMtFY1CNQ2 VerifiedReplies (8)
Reposted
twetch#6484 7.3y
The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs.
Biden's campaign budget was $364 mill. If they spend the whole budget to keep a question out of a top 10 list, they need to pay $36,4 mill worth of POW on each question.
328 million Americans can boost a question with 11 cents each to get it on the list.
Surely there could be better way to spend 300 mil
The best way to spend 300 mil is how it's being done today: Steam roll the public with bullshit. Orchestrating billions of dollars of fiat and psychological wash trading. Let's not forget that the incomes of the firms involved are also mostly securitized.