Ethereum abandoned proof-of-work because the temptation to regain abstract power/centralized control authority over ledger writing privilege is incredibly intoxicating to our species.
Satoshi philosophically accepted that might is right and relinquished his abstract power to the most physically powerful. An extraordinary leap of faith and an exceedingly rare trait in the world of software engineering.
The biggest risk in cybersecurity that most people don't seem to understand is how much abstract power it gives people. Developers write logic to effectively code themselves into being neo god-kings with unimpeachable control over people's data. This temptation to have unimpeachable control is what led Ethereum to abandon proof-of-work.
Satoshi created a physical-power-based resource control structure. Ethereum switched to an abstract-power-based resource control structure where it is impossible to physically verify decentralization, and is physically impossible to impeach their control over ledger writing authority.
Agreed. Premines are all temptation; any form dooms any project from the start. Satoshi presented a practical solution to the premine problem in his energy based proof of work system -- make it so the genesis block unspendable so it doesn't matter who 'starts' bitcoin 🧐 remove temptation by taking the humans out of it. That trick can only be done once.
Fundamentally digital scarcity can only happen once 🧐
I also enjoyed Soft War 🥳
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