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In your paper, consider drawing a parallel to proof of work schemes.
by politician 5y ago
In your paper, consider drawing a parallel to proof of work schemes.
- diogenescynic 5y agoCan you elaborate?
- dustintrex 5y agoThe computing power (proof of work) required to mine Bitcoin scales according to the current hashrate. Since the supply is fixed, the only way to grab a larger market share of the hashrate is to spend more money on more computing power.
- politician 5y agoExactly. The poster's "Blood taxes" -- ownership consensus through escalating violence -- is reminiscent of PoW schemes which establish a distributed consensus through escalating hashrate.