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Joseph Van Name

Let's look at cryptocurrency consensus and distribution mechanisms.

Proof-of-work-Let's give the money to the jerk who wastes the most resources and destroys the planet.

Proof-of-stake-Let's give the money willy nilly because distributing a new coin fairly is not important. In other words, let's scam people and give all the money to ourselves.

ICO-Let's scam people.

Useful proof-of-work-Let's give the money to the person who solves a useful problem. This will create a valuable cryptocurrency.

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