1CtfHjRxn4UzNinEgUJgCCSV98yAZ6zVrZ (24100) ·
Is there a simple explanation why sending bitcoins to burn address is not as good a costly signal as commissioning POW?
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS (1489) ·
How would this demonstrate fitness to perform a valuable role in society?
1CtfHjRxn4UzNinEgUJgCCSV98yAZ6zVrZ (24100) ·
Well if acquiring the Bitcoins in the first place was at least close to unforgeably costly, then losing control over them is a cost.
But I'm not saying it is the same as the POW approach, just curious what peoples' opinions are.