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.
Post by twetch#7457
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.
What the chain says
- Block
- 659 486
- Time
- 2020-11-02T04:54:45Z
- Signer
- 15RABkdmWQLz5c6fLZgTgfS7KN56u16QKZ
- App
- twetch
- Type
- repost
- Content type
- text/plain
- Name in tx
- twetch#7457
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
15RABkdmWQLz5c6fLZgTgfS7KN56u16QKZ VerifiedReplies (7)
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.
Imagine if a fraction of that (like $300 mil) actually had to be tied to reality (energy cost) to secure cyber information and mitigate threats.
We spend way more securing the major blockchains and leave nothing to securing sigint, infosec, etc... atm.