I like this quote from Nick in 1999 (http://szabo.best.vwh.net/intrapoly.html http://szabo.best.vwh.net/intrapoly.html - linked from TFA as "obscure"): > spamm

I like this quote from Nick in 1999 (http://szabo.best.vwh.net/intrapoly.html http://szabo.best.vwh.net/intrapoly.html - linked from TFA as "obscure"): > spammers may be able to defeat compute-cost postage by using custom chips optimized for computing the particular puzzle function. This presaged the ASIC miners that so quickly came to dominate Bitcoin. It's almost wonder that new types of coins are being mined without (semi) custom chips at all; perhaps only because FPGA development tools have improved much slower than software in general.