@notsofast @CryptoBacon @ReuScherf @StopAndDecrypt @DeaterBob @francispouliot_ @LukeDashjr @peterktodd @matt_odell @BitMEXResearch the incentives are analogous to pow (minus issues arising from the quantized nature of transactions), any argument that implies vbk is transactionally inefficient could be said wrt btc being electrically inefficient. the tx "spam" is the work, it all has value in that sense.