Proof of Wankery: A Novel Consensus Model for the Blockchain

Blockchain
Written By Günther Schlonk

Abstract: Proof of Work is killing the planet, Proof of Stake is a pyramid scheme, and other proposed consensus models are either easy to spoof or infeasible to implement. Herein, a new model is proposed: Proof of Wankery (PoWank). PoWank does away with the problems of weighted voting by digital assets or wasted work, and instead awards votes based on an individual’s ongoing dedication to the #Web3 lifestyle. 

Günther Schlonk
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