It can easily be changed back to a different 'rewards-formula'.
I always viewed Bitcoin as an interesting experiment, a toy, but not viable, it's obvious for anyone with technical understanding.
The Posting Rewards of STEEM had been a well-thought-out game-theoretical device, too.
it isn't, it can't be secure enough, it's impossible, because everything boils down to energy at the end of the day.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You do understand, that Steem isn't POW, but stake -based ?
It all boils down to processing power; quantum computing will eventually crack bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes, and that's exactly the problem.
it won't
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I understand you are some die-hard btc fanboy.
That's ok.
But you reply is some bullshit.
Steem is POS and therefore no: it doesn't boil down to energy, because it' s not POW.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
you misunderstood, i said that is the problem that it's not energy based, because ultimately, everything is based on energy. all permissionless-consensus-critical crypto-systems that do not understand this only boil down to an inelegant or obscure form of proof-of-work at the end of the day again. "nothing is cheaper than proof-of-work": http://www.truthcoin.info/blog/pow-cheapest/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit