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The more complex is the math, the more opportunities to screw up, or should we say, optimizations. VDFs are far too new, at best bleeding edge research, nobody
by inter_netuser 5y ago
The more complex is the math, the more opportunities to screw up, or should we say, optimizations.
VDFs are far too new, at best bleeding edge research, nobody is going to gamble serious money on the robustness of such new constructions.
You would need unanimous agreement from the entire cryptology field.
However, yes, there are some workshops on quantum and implications for mining, and some other fanciful stuff that are also just research at this point.
The current setup of PoW relies on rather well understood, battle hardened primitives, that have been in actual usage under adversarial conditions for decades.
Do you think any major central bank will hold any asset that's secured by a paper written last year?
- floatboth 5y ago> nobody is going to gamble serious money on the robustness of such new constructions Thounsands of buttcoiners would gamble their entire life savings on shitcoin, pisscoin, asscoin, PonziCoin, whatever. When there's enough of them, it gets big enough so institutional investors start gambling on that too. It really doesn't seem like "serious money" is spending anything on actual technological research, the management of big money is also often done by idiots who follow any kind of hype.