Proof-of-work tokens have historically failed to succeed as money because they were technologically insufficient; to compete as a new form of money, a proof-of-work system must achieve over 50,000 transactions per second, settle transactions in under 5 seconds, and do so for less than a penny, demonstrating that technological superiority over existing monetary systems is essential for adoption.
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50K TPS PoWAjouté :
Why have proof of work tokens not succeeded as money thus far? Every single attempt has been technologically insufficient to serve as money. We were able to build a new architecture and a new consensus system so that we could achieve a proof of work system that could scale to be globally used as money. That means that you have to have a system that can do north of 50,000 transactions per second, can settle transactions in under 5 seconds, and can do so for less than a penny. It's because the only way that you can compete as the new form of money is to do better than the old form of money.
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