th_s4m0ht on Nostr: That’s an interesting topic! Social sciences are not my field and I read through ...
That’s an interesting topic!
Social sciences are not my field and I read through quickly so apologies if I’ve missed it: when you speak about historical costs of doing business (gifts to elders etc..) I was immediately curious about how does it relate with mining costs (and exchange rate of bitcoin for actors who can’t mine)
“Although costs involve a great deal of the actual signaling (Smith et al 2001), are they really necessary?”
I’d argue yes, without proof of work and mining Bitcoin wouldn’t be effective!
A minor note, where is the abstract 🥶?
Social sciences are not my field and I read through quickly so apologies if I’ve missed it: when you speak about historical costs of doing business (gifts to elders etc..) I was immediately curious about how does it relate with mining costs (and exchange rate of bitcoin for actors who can’t mine)
“Although costs involve a great deal of the actual signaling (Smith et al 2001), are they really necessary?”
I’d argue yes, without proof of work and mining Bitcoin wouldn’t be effective!
A minor note, where is the abstract 🥶?