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That's a really interesting thought. Would you consider public information (e.g. the result of a mining computation) to already be a public good? E.g. see disc
by richdougherty 9y ago
That's a really interesting thought. Would you consider public information (e.g. the result of a mining computation) to already be a public good?
E.g. see discussion of information goods here https://en.wikipedia.org/wiki/Public_good#Challenges_in_identifying_public_goods https://en.wikipedia.org/wiki/Public_good#Challenges_in_iden...
- acheron9383 9y agoI wonder about some tasks that people already do for charity with their computers...like protein folding, finding super huge prime numbers. I don't know enough about the algorithms involved though to assert they satisfy the POW requirements. But some infrastructure already exists to distribute these problems.
- 0wing 9y agoSatoshi style PoW algorithms are intended to waste as much energy as possible. PoW mining just raises the capital cost to control the network without ever improving the speed or functionality. It's a system that increases the waste as time progresses.