10/ Bitcoin combats this attrition process by constantly creating new blocks with fresh weights. This ensures that the tip of the chain is always heavy in the present, protecting the integrity of the entire chain. Heavy chain == secure chain.
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21/ Even if the current variant of PoW fails, I’m confident that there will be other ways of attaching energy to a block.
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22/ In conclusion, PoW’s application in blockchains might prove to be far more significant & wide reaching than what it was originally invented for.
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23/ PoW gives us immutability, which gives us uncensorable money, which could potentially change how society organizes itself ( read
@NickSzabo4 ‘s wonderful essay on social scalability for more on that: http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html … ).Show this thread
End of conversation
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