2:18 AM
@rapt Let's say there was a cryptocurrency where mining rate is proportional to the number of nodes you control. Let's say you had a private network with 1000000 nodes, and the whole network is connected to the internet through one node. That would be expensive because you'd need to buy a million computers. But let's say that instead, I run a simulation of 1000000 nodes on one computer.
That's much cheaper and I still earn the same mining power as the guy who legitimately has a million computers.
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Discussion on answer by David Schwart…
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