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> We would not have cryptocurrencies or NFTs Yes we would - that doesn't need much hardware at all. Maybe 1998 hardware (Pentium II type thing) at most? Bearin
by quickthrower2 4y ago
> We would not have cryptocurrencies or NFTs
Yes we would - that doesn't need much hardware at all. Maybe 1998 hardware (Pentium II type thing) at most? Bearing in mind security algorithms used would be scaled down anyway to suit the lower hardware in the hypothetical scenario, and hash rate would of course be lower.
- mayank 4y agoExactly! Hashcash was proposed in 1997: https://en.m.wikipedia.org/wiki/Hashcash https://en.m.wikipedia.org/wiki/Hashcash similar mechanics for a different use case