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Another green method for distributed consensus: https://en.wikipedia.org/wiki/Proof-of-space https://en.wikipedia.org/wiki/Proof-of-space Basically anything wh
by em3rgent0rdr 9y ago
Another green method for distributed consensus: https://en.wikipedia.org/wiki/Proof-of-space https://en.wikipedia.org/wiki/Proof-of-space
Basically anything which is cheap to verify but costly to prove could be used.
Proof of burn and proof of stake both ultimately destroy resources. But what if the proof is something that can be used by humanity? Like proof of charity? So instead of sending the coins to an unspendable address, you send the coins to an address which is a charity, such as the Pineapple Fund? Of course such a charity would need to have strict controls on it such that it doesn't funnel misuse the money (such as mining for itself), but actually performs charity.
- em3rgent0rdr 9y agoBrainstorming about ways to prevent misuse of the coins used for mining. Having the charity be operated by humans might be problematic (cause as we all know humans are corruptible). So might be better to have the charity be operated algorithmically, ideally via a smart contract. And dumber algorithms might be better since complexity provides more opportunities to exploit. Since people seem to like the idea of basic income, what if the charity address was exactly that...a basic income provider, which would evenly send out received coins to every real human who registered their own basic income address?