Post
Topic
Board Speculation
Re: Bit coin is on a down hill slope
by
interlagos
on 18/12/2014, 18:43:22 UTC
...
The emphasis needs to remain with proof of work because that is the only model that will allow the network to expand as it must while providing the required buffer to keep everything working in the event of price declines as will occasionally happen.

Yes, apart from a method of initial distribution which acts like a faucet, mining is a way to keep the system as neutral as an algorithm can be.