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A comment on Time, Randomness, and a $100k Prize to Forever Change Blockchain. Parent comment

Re:Time, Randomness, and a $100k Prize to Forever Change Blo... by nosuchthing on Thursday August 01, 2019 @07:35PM (#20589384)
So an Oligarchy that's less monopolistic?

Where do the coins come from? Has there been any other mechanisms for minting other than minting the supply from day 1, or burning computational capital/energy in the form of PoW mining?

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Re:Time, Randomness, and a $100k Prize to Forever Change Blo... by narush on Thursday August 01, 2019 @07:42PM (#20589427)
PoW is currently an oligarchy, for what it's worth. I was using the term monopolistic in a lose sense (i.e. tending towards large players controling the market [i.e. "centralizing"]).

In most PoS protocols, coins come from either PoW mining before a transition to PoS, or from an initial coin offering. Neither are great solutions IMO, but PoW doesn't really distribute coins very well either.

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