This is a proposed alternative that is fundamentally different from Bitcoin. The problem with Bitcoin is that mining is wasteful by design. Perhaps it doesn't m

This is a proposed alternative that is fundamentally different from Bitcoin. The problem with Bitcoin is that mining is wasteful by design. Perhaps it doesn't much matter now, but if Bitcoin really took over and became the world's universal currency, I think we would see more concern about the inefficiency at the heart of it. A system that relies on wasting compute cycles just to prove that you wasted them feels like we are going about things the wrong way. It doesn't seem like a good direction for humanity to go in. I think it's good that people are looking for alternatives and unless it can be mathematically proven that no alternatives are possible I think we will eventually end up with something much better. I don't think it's fair to write off this article as "just another Bitcoin copycat" when it really is about something completely different.