A blockchain network without strong incentives for the keepers of the network — miners or participants — doesn’t work. Without incentives, there will not be enough miners to protect the network from bad actors, that can and will compute private chains and replace blocks specifically at critical moments — because, with voting, it is clear exactly when those critical moments are, so the attack can be tailored to that specific time, and therefore, cheaper than a generalized effort.

Thank you for this food for thought, I guess I have to write an article about why blockchain is a bad fit for this, as well — as it is for most other things.

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