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Re:Bitcoin study: Period of exclusivity encourages early ado... by runeks on Friday July 14, 2017 @09:15AM (#14769509)
The challenge is getting the market to value the token that miners are paid in, such that the chain is sufficiently protected by their proof-of-work. Digital money may be the only thing valuable enough to absorb the capital loss associated with the energy spent on proof-of-work, whereas a messaging board -- or any other application that creates relatively little value -- will not generate enough profits to cover the miners' work.

The only reason the Bitcoin blockchain is mined so heavily is because of its tokens' high price -- and sufficient market depth, which can absorb miners cashing out their earnings -- which basically sets in motion something that can't be stopped until it reaches non-profitability, unless the entire world decides to forego profitable Bitcoin mining.

Re:Bitcoin study: Period of exclusivity encourages early ado... by freeflight on Friday July 14, 2017 @12:47PM (#14771203)
But that's pretty much the same challenge any cryptocurrency faces and even BC faced in it's beginning. BC got past that hurdle to a certain degree, why can't something with actual "usability for the masses", in the form of an open, transparent and uncensored discussion platform, do the same?