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What is the incentive to mine the real estate blockchain? Does it pay out a free house every 10 minutes?
by aback 11y ago
What is the incentive to mine the real estate blockchain? Does it pay out a free house every 10 minutes?
- greggyb 11y agoProbably transaction fees? There's no reason a blockchain must be self-funded through proof-of-work mining. To my understanding, the expected future state of Bitcoin is that the role currently filled by miners will be replaced by transaction processors who take a fee to do the work.
- dbcurtis 11y agoIt's not about the mining!!!! Block chain is about having an immutable, non-repudiatable transaction record. Block chain is a wheel.... guess what, wheels have uses far beyond the Pharaoh's war chariots. Like, you know, bicycles and automobiles. Stop conflating block chain and crypto-currency.
- asbromberg 11y agoIt is about the mining though. The mining is what makes the blockchain immutable. How do you propose making it immutable without that feature?
- jaekwon 11y agoThere are two ways to secure a ledger. Mining, and accountable BFT like Tendermint.