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Re:The Blockchain Problem Space – When to Use Blockchain? by dmak on Monday August 14, 2017 @11:52AM (#15009560)
The PoW isn't meant to elect the next miner. It's meant to ensure the integrity of the chain and maintain a lead in the work cost for the honest chain.
Re:The Blockchain Problem Space – When to Use Blockchain? by EGreg on Monday August 14, 2017 @07:53PM (#15014127)
Transactions are already signed and can't be forged. The only reason for the chain to exist is so that everyone knows about every transaction, to eliminate the double spend problem.