4 ms·
Yes, exactly. I don't think requiring fewer computing resources is a bad thing, having multiple nodes in the blockchain come to the same conclusion could provid
by TYPE_FASTER 9y ago
Yes, exactly. I don't think requiring fewer computing resources is a bad thing, having multiple nodes in the blockchain come to the same conclusion could provide a level of trust similar to the existing mining algorithm. That's wasteful as well, but not as wasteful.
- iainmerrick 9y agoBut how do you address the fundamental problem of an arms race between miners? They could end up burning 90% of the world's energy production madly calculating protein folds. Is that a good return on investment?
- TYPE_FASTER 9y agoIn my opinion, it's a better return than calculating SHA hashes with no aim other than to do work. We could prioritize computing problems by increasing the reward for working "more important" problems (find asteroids that are going to hit us?).
- iainmerrick 9y agoIt's better but not much better. How do you avoid an arms race? Who gets to decide what problems are important?