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Today at 11:31:42 AM |
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One clarification:
I am not saying traditional PoW is dead.
PoW is still one of the strongest models in crypto.
The question is whether mining can also have another category besides pure hashrate competition.
Industrial mining can exist, but maybe community participation models can also exist for networks that want wider user participation.
For example, a model where users do not receive passive rewards, but must stay active through heartbeat, wallet identity and participation rules.
The hard part is abuse control.
Wallet identity alone is not enough, because Sybil/fake participation is always a risk.
So any community mining model would need anti-abuse rules, offline removal, cooldowns and transparent monitoring.
I am interested in hearing if miners think this kind of model can work, or if mining will always return to hardware dominance.
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