A Core Economic Dictionary
proof of work (obs.): an archaic technique for (usually blockchain-based) cryp mining which ties mining capability to computational power. In its original form, it required transaction blocks to be hashed, which demonstrated time and computational effort put forth, and which would generate a certain amount of virgin cryp until the
cryp
What is cryptid-currency? It’s the latest brainstorm to come out of the convergence of bankers, cryptographers, and genetic engineers – a blockchain-based form of cryp designed to use the photosynthetically-powered computing capacity of mesh-networked genetically enhanced trees to provide the validation and storage necessary to operate the cryp’s backing
worldbuilding
…I am sometimes asked. Well, this: Cash Means Freedom, Which Is Why So Many Officials Hate It Especially when it comes to foreign governments and their “monitoring economic activity”, “manipulating the economy”, “tax compliance”, and such-like fetishes, which is also why it’s so fond of its fierce banking privacy