Ben Laurie posted a link to this paper in response to Satoshi's posting his first version of Bitcoin[1], with this comment: > Richard Clayton and I claim that

Ben Laurie posted a link to this paper in response to Satoshi's posting his first version of Bitcoin[1], with this comment: > Richard Clayton and I claim that PoW doesn't work: > http://www.cl.cam.ac.uk/~rnc1/proofwork.pdf http://www.cl.cam.ac.uk/~rnc1/proofwork.pdf It's in the context of a discussion about why PoW-based tokes are a bad idea in terms of burning CPUs and their carbon footprint. The generous interpretation is that he was claiming that this discussion was moot because the bigger issue was that PoW wouldn't actually work as a feature of Bitcoin. The less generous (but probably accurate) interpretation is that he posted that without reading either the Bitcoin whitepaper itself or the abstract of the whitepaper. IIUC his paper is about how PoW applied to email would either break a lot of the desirable features or the difficulty would be too low to prevent spam. I'm not sure why this bothers me enough to post about it on HN-- I'd actually prefer it to be true and Bitcoin fanbase never to have existed. Nevertheless, his paper wasn't really relevant to that discussion and I'm not sure why he posted it there. 1: https://www.mail-archive.com/cryptography@metzdowd.com/msg10225.html https://www.mail-archive.com/cryptography@metzdowd.com/msg10... Edit: clarification