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People interested in this idea might also be interested in Hashcash. Someone who wants to send and email to someone else also has to provide a "proof of work" w
by castratikron 9y ago
People interested in this idea might also be interested in Hashcash. Someone who wants to send and email to someone else also has to provide a "proof of work" with their message, essentially the same thing as Bitcoin mining. The point of it is to reduce email spam by attaching a small cost to each email, since, today, there is no cost difference between sending 1 email and 1 million, which enables spammers to send out so many.
The main benefit is that no real currency is ever involved, which reduces a lot of administrative overhead.
https://en.wikipedia.org/wiki/Hashcash https://en.wikipedia.org/wiki/Hashcash
- sl4i6j3o4i98g 9y agoSo Hashcash was proposed by Adam Back, who is now the CTO of blockstream, a major bitcoin development firm. His vision, and the vision you describe is actually bitcoin. A 2017 Hashcash was actually implemented recently and published at http://hashcash.com/ http://hashcash.com/ Bad news is that it requires something to store the value, so this requires bitcoin as the token transferred via hashcash. What you have described in your post doesn't actually work that way in the real world -- You cant set a global proof of work value (bitcoin difficulty adjustment) or able to build a proof of work that would allow a phone or desktop to hash -- it will be eaten alive by spam farms with ASICs (bitcoin mining asic farms).