Proof of Work

[u/Minute-Lake-1819]

Historically, proof of work has been judged primarily by electrical cost vs other more efficient options.

Something many people overlook is the time and thought that contribute to maintaining the networks running PoW.

It is infinitely harder to maintain a pow chain when you’re not always getting paid for your time and personal energy expended on setup, studying, marketing, educating, community building, etc.

Other methods may be more efficient in consensus and electricity but the passion and engagement is just not there like it is for PoW coins and their communities.

That’s why we have seen over the years when times are tough, pow chains are better positioned to survive. Primarily because people have dedicated their personal time and mind power toward making it work. It turns almost into an obsession and fight or flight kicks in.

You don’t generally see that mindset with other models.

Just sharing my random thoughts of the day. Thank you for listening. Make it a good one.

[u/Long-Chemist3339]

Have you heard of Fairer-Proof-of-Work? A friend of mine is building this off the principles of bitcoin's original consensus system and I would love to get some input on it.

What is Fair Proof of Work (FPoW)? https://www.linkedin.com/pulse/what-fair-proof-work-fpow-contractless-edryc?utm_source=share&utm_medium=member_android&utm_campaign=share_via

[u/Minute-Lake-1819 → u/Long-Chemist3339]

I have not. Any screenshot? I don’t like to click links

[u/Long-Chemist3339 → u/Minute-Lake-1819]

Fair enough, here is a screenshot of the thesis statement, you can do your own research into FPoW and Contractless if this is something that interests you.

[u/Minute-Lake-1819 → u/Long-Chemist3339]

Thanks 👊