Most of real world fraud is exactly this kind of stuff. Bitcoin solves a problem which is not actually a problem in real world. And leaves the problems which actually are problems unsolved.
Don't get me wrong. The proof of work ledger is a cool idea. However using it as a currency in this kind of implementation with complete disregard to anything else doesn't work in the long term.
Don't get me wrong. The proof of work ledger is a cool idea. However using it as a currency in this kind of implementation with complete disregard to anything else doesn't work in the long term.