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09:29 >>> cvmn (~caveman@gateway/tor-sasl/caveman) has joined ##economics
09:29 ─── Topic for ##economics is "Economics, a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... Please play nice! NO bullying and try to stay on-topic"
09:29 ─── Topic set by OPK (~OPK@user/opk) on Thu, 10 Jun 2021 01:26:16
09:29 ─── Channel ##economics: 70 nicks (3 ops, 1 voice, 66 normals)
09:30 ─── Channel created on Wed, 19 May 2021 09:58:33
09:36 <cvmn> yesterday some people here said things about 'zakat' not being applicable with modern-day 'money'. someone said that because money today is not wealth (i.e. money now is like oil lubing an engine not a commodity itself like gold), therefore zakat is not useful any more.
09:36 <cvmn> however, i still don't get this. e.g. so what if it is not a commodity? wouldn't it still be helpful to avoid having non-circulating 'o
block id : 0
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pk to : aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
coins : 10
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hash next: f6600db39c855613f324bcbc1aa082f4
sign : ------
block id : 1
pk from : aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
hash prev: ------
pk to : aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
coins : 10
hash cur : eec1a6c53e76b7d36c42ca6c8e28d384
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hash prev: eec1a6c53e76b7d36c42ca6c8e28d384
to pk : bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
coins : 5
hash cur : f6600db39c855613f324bcbc1aa082f4
bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
cccccccccccccccccccccccccccccccccccccccccccccccccccccccc
figure 1. proof-of-work blockchain, with computational work marked as
'c'.
bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
ssssssss
figure 1. proof-of-stack blockchain, with active stakers marked as 's'.
previous stakers have cashed out.
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[colors]
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regular0=31363b # black
regular1=ed1515 # red
regular2=11d116 # green
regular3=f67400 # yellow
regular4=1d99f3 # blue
regular5=9b59b6 # magenta