3 ms·
,,If you could create crypto based on ML training it would be so cool.'' That would actually be a bad thing: the real value in proof of work is that it doesn't
by xiphias2 6y ago
,,If you could create crypto based on ML training it would be so cool.''
That would actually be a bad thing: the real value in proof of work is that it doesn't have any extra value to the miner, which stops miners from gaining a huge edge over other possible future miners. What's behind all the controversy is that proof of work has to be totally useless work, that's what makes it valuable for the blockchain :)
- intotheabyss 6y agoIn proof of stake, you can slash validators that attempt to re-org the mem pool for MEV. Fast finality of a few seconds also helps.
- scotty79 6y agoCould you direct me to more elaborate discussion why work in proof of work must be useless? Am I wrong thinking that any problem with hard to find, but easily verifiable solution, should be ok? It would be nice if it had easily adjustable difficulty to scale it with processing power of the miners.
- Vhano 6y agois this baby's first bitcoin day out?