> There are cryptocurrencies that work without proof-of-work
And they don't have a fair distribution mechanism. They exist primarily to make their creators rich.
And they don't have a fair distribution mechanism. They exist primarily to make their creators rich.
Anyway, yes, I agree that 99% percent of existing cryptocurrency implementations are at least partially affected by short-sighted greed.
However, I think it's important to note that there is no technological constraint preventing the potential success of more egalitarian implementations. In that sense, it's at least disappointing to see technological potential for societal benefit being so categorically dismissed due to the flaws of early prototypes such as Bitcoin.