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.
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
1CVFrAUPhsMy2VVLQKhpuwn9N7W5X2v2dx VerifiedSurely 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.
im no against spending $300 mil on pow signalling, but using it to ask questions to presidential candidates sound meh