@343 @24 The difference between POW and Payment as signals …
@343 @24 The difference between POW and Payment as signals in messages is the bribe. As Payment, the receiver has something to gain by receiving or pretending to receive other than the contents of the message itself. It takes value away from the message.
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If you boostPOW a message that doesn't matter to the receiver then its wasted energy, which makes you an idiot. If you boostPOW a message that does matter, then you have demonstrated that the exchange was mutually beneficial.
Proof Of Work on the other hand demonstrates power. It is excess energy that you are willing to spend to get your message heard without benefiting the other party outside of the benefit of receiving the message itself.
If a message matters it doesnt need to be boosted
because the recipient of the message uses the content of the message to determine its value, or some proxy such as the identity of the message issuer
A boosted message is one that receives attention regardless if it matters or or not.
POW isn't about making a message matter. Its about attracting attention to something that matters.
This isnt true today and im hard pressed to see how it will be true in the future
Exactly!
Yes it does because it's in competition with other messages for attention and evaluation before people know that it's important.
I beg to differ.
0000000000000000000e1b6a80c0ff9c84ad53c274e2ae50515ef74254be6792
This is the last BTC block. It stands as the worlds most boosted message in cumulative POW, and therefore the one with the most attention. However, it doesn't matter.