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It's hard to design a proof-of-work scheme that is both secure and performs "useful" work.
by loqi 14y ago
It's hard to design a proof-of-work scheme that is both secure and performs "useful" work.
- pavanky 14y agoThen it is not a useful monetary system. When people trade money (paper or electronic), they are trading time they invested in doing useful work for someone else. When bitcoins are traded, you are trading wasted computer cycles.