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RE: An update on Zdash A Zcash Alternative
What is the benefit of holding the coin? I'm not a fan of just rewarding miners.
What is the benefit of holding the coin? I'm not a fan of just rewarding miners.
I am not exactly convinced rewarding miners is a bad thing , otherwise bitcoin would have failed by now. POW is a distribution method that adds a cost to inflation, a cost that increases or decreases depending on the presumed value of a coin. As for the benefit, unless the demand for the coin is zero, it still holds some value and potential value.
I'll go one further and suggest that rewarding miners is the only way to go. Rewarding stakeholders (aside from appreciation of network token on the market) increases the costs of running the network, potentially making that network less efficient than an alternative. Maybe I'm missing something, though.