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@ LiโฟฮสLiรธฮท ๐ดaยณ
2025-05-09 11:28:14
๐๐'๐ ๐๐ถ๐ธ๐ฒ ๐ ๐ฃ๐ฟ๐ผ๐ผ๐ณ ๐ผ๐ณ ๐ฌ๐ผ๐
We could make analogies to understand the 2 most important algorithms in cryptoeconomics. But the last algorithm is the most important, and it is programmed in your head.
๐๐ซ๐จ๐จ๐ ๐จ๐ ๐๐จ๐ซ๐ค (๐๐จ๐)
It's like a puzzle competition at the Casino.
Imagine hundreds of people competing to see who can solve a giant Sudoku puzzle first. The first one to get it right shouts "I got it!" and the winner takes all. Everyone else sweated in vain. A lot of energy is used, but the system still works.
๐๐ซ๐จ๐จ๐ ๐จ๐ ๐๐ญ๐๐ค๐ (๐๐จ๐)
It's like a neighborhood election where those who own the most property vote.
The more land you have in the neighborhood (tokens), the more chances you have to be the one who signs the minutes of the meeting (validates the blocks). Less consumption, more plutocratic elitism.
๐๐ซ๐จ๐จ๐ ๐จ๐ ๐๐๐ซ๐ (๐๐จ๐)
It's like following the crowd in a stampede without knowing why they are running, but shouting all the same.
Validation does not depend on logic, work or investment, but on what the majority believes without question. If the herd says something is true, it is validated. Ideal for happy sheep, not for the #SovereignIndividual
https://image.nostr.build/7010e39d130ce3e7e691a27d4262e0d1ab2398f094a3643b7473dd52a9d78a1e.jpg