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    Josh Davis (guerillaontologist@social.coop)'s status on Friday, 26-Jan-2024 00:52:30 JSTJosh DavisJosh Davis
    in reply to
    • Matt Noyes
    • Nelson
    • Nathan Schneider
    • Shauna GM
    • jon ⚝

    @ntnsndr @yala @skyfaller @shauna @Matt_Noyes

    -Well we've somehow managed thus far without any need for crypto, right? MyCoolClass has members all over the world without need of crypto, so I think we're already enabled (without paying gas fees).

    -This sounds like a legal risk to me, ex an SEC ruling.

    -You can do this with permissioned blockchains that do not share the flaws of permissionless blockchains, and are tens of thousands of times cheaper to run. (https://blog.dshr.org/2023/02/economic-incentives.html)

    In conversationFriday, 26-Jan-2024 00:52:30 JST from social.cooppermalink

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      Economic Incentives
      Economic incentives are the glue holding the cryptosphere together. The security of Proof-of-Work blockchains depends upon the cost in hard...
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