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> Don't like "proof of work"? Go hack on various other implementations. If this strikes you as reasonable advice or as a reasonable way to think about cryptosy
by wyager 9y ago
> Don't like "proof of work"? Go hack on various other implementations.
If this strikes you as reasonable advice or as a reasonable way to think about cryptosystems, it is probably best if you don’t attempt to work on blockchain tech.
- xrd 9y agoI'm genuinely curious about why you say that. Isn't proof of work proving itself to be a bad way to guarantee trust? Aren't the alternatives worth working on? Does that statement belie a fundamental misunderstanding of blockchain somehow (if so, I'd really like to understand why)?
- TeMPOraL 9y agoAFAIK it has not been formally proven yet, but the general consensus I see among crypto fans is that you can't achieve the goals of decentralized, trustless currency without involving some kind of huge energy waste somewhere. (It's saddening me that people think this is a feature.)
- bduerst 9y agoThere is one alternative: https://youtu.be/l2bU_tOREos?t=2m13s https://youtu.be/l2bU_tOREos?t=2m13s