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I've been thinking for a while that proof of work should be replaced with some other type of real work, such as training a Neural Net, but that runs into major
by shreyshnaccount 4y ago
I've been thinking for a while that proof of work should be replaced with some other type of real work, such as training a Neural Net, but that runs into major issues after thinking about if for more than a second. Hopefully though, someone much smarter than me can figure something out
- ratsmack 4y agoThe "value" must be produced outside of the crypto system then moved into the system as a value store. I don't know how this is not an obvious concept.
- shreyshnaccount 4y agoThats one of the very obvious drawbacks.. Money is a store of value, but crypto just tries to 'be' the value, which doesn't go well, because well it's not valuable at all