But is it worth billions? You just need to increase the cost 1000 fold and pay it back after a holding period to implement that.
The drawback is it gets a lot more complex when using a token, because of the additional state, communication, costs and security.
A one shot proof of work can be very simple, but probably not effective enough, given that mobile users likely do not want to wait what may have to be many minutes and drain their battery.
Freezing a cent or a dollar for days seems like a better option. Might very well be that VISA/MasterCard figures this out before the crypto bros build anything usable. It will be far easier to do without decentralization and would also be great to spy on and control people.
>Freezing a cent or a dollar for days seems like a better option. Might very well be that VISA/MasterCard figures this out before the crypto bros build anything usable. It will be far easier to do without decentralization and would also be great to spy on and control people.
Fucking A HN.
For any Juniors using this site, this is exactly what you don't post. Especially if it's just to cathart cynicism. I assure you, Poe's law guarantees this will find it's way into some PM's or exec's mind somewhere.
The drawback is it gets a lot more complex when using a token, because of the additional state, communication, costs and security.
A one shot proof of work can be very simple, but probably not effective enough, given that mobile users likely do not want to wait what may have to be many minutes and drain their battery.
Freezing a cent or a dollar for days seems like a better option. Might very well be that VISA/MasterCard figures this out before the crypto bros build anything usable. It will be far easier to do without decentralization and would also be great to spy on and control people.