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RE: Meanwhile, at some anonymous Blockchain Startup ...
It can easily be changed back to a different 'rewards-formula'.
I always viewed Bitcoin as an interesting experiment, a toy, but not viable, it's obvious for anyone with technical understanding.
The Posting Rewards of STEEM had been a well-thought-out game-theoretical device, too.
it isn't, it can't be secure enough, it's impossible, because everything boils down to energy at the end of the day.
You do understand, that Steem isn't POW, but stake -based ?
It all boils down to processing power; quantum computing will eventually crack bitcoin.
yes, and that's exactly the problem.
it won't
I understand you are some die-hard btc fanboy.
That's ok.
But you reply is some bullshit.
Steem is POS and therefore no: it doesn't boil down to energy, because it' s not POW.
you misunderstood, i said that is the problem that it's not energy based, because ultimately, everything is based on energy. all permissionless-consensus-critical crypto-systems that do not understand this only boil down to an inelegant or obscure form of proof-of-work at the end of the day again. "nothing is cheaper than proof-of-work": http://www.truthcoin.info/blog/pow-cheapest/