examples would be: Multiple PoWers independently producing solutions and then verifying each other (although this is wasteful as work is being duplicated)
PoWers achieving increasing status levels when not cheating over time, incentivising long-term honest behaviour
> PoWers achieving increasing status levels when not cheating over time, incentivising long-term honest behaviour
We're talking millions of dollars here (if not more). In the real world people would easily spend years doing a long-con with that type of pay out. Why wouldn't they do so on the internet?
It won't work in the PoW scheme because there is presumably some cryptocurrency involved as a reward