A short thread -- let's try to explain the economic problem Saito solves in very simple terms.
21 Jul 2022, 02:12
A short thread -- let's try to explain the economic problem Saito solves in very simple terms.
POW and POS don't pay for everything they need. They incentivize participants to "privatize gains and socialize losses" - do the paid work and let others cover the unprofitable work