mining is not stupid, its classic art of crypto,
Mining is stupid.
Mining was a way to get cryptocoins started, just like sails and coal steamships were a way to get international commerce started. Today, container ships rule. So will Lisk.
Mining is stupid.
It's OK if Lisk does staking instead of mining. We'll just be attracting a different type of nerd to the foray. It would be useful to think about all the mutually beneficial ways one could earn Lisk, because you're not going to setup a virtuous economic cycle if everyone has to buy their way into a token. For a contextual example of this problem, see NXT.
I would argue that "buying your way into a token" is EXACTLY what is needed to create a "virtuous economic cycle". BTC/ETH mining and even Lisk forging is creating "money" from thin air. The "unforgetable and very rewarding
"Buying your way into a token" is code for "letting something represent a store of real value", which is what you do when you open a bank account or buy a prepaid debit card. THIS is the fundamental kind transaction in our society, not "mining coins out of thin air". If Lisk can start replacing bank accounts by "buying your way into a token", we will have a market penetration and success level we can only dream about.
Wasteful, unsustainable exponential-growth mining is a type of masturbation by Bitcoin and Ethereum nerds that will never produce a baby who will grow up to change the world.
Mining is stupid.
Everyone will have their opinion on mining, but remind you that without Bitcoin mining nobody be here.
It was groundbreaking, as was the steam engine in its days.This.
