If you don't know what that means... good Basically they kept saying there's a complicated math way to do Bitcoiny stuff *without* constantly burning massive amounts of power But everyone who's promised to do it has abandoned it Because no one actually gives a shit
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Bitcoin stalwarts sneering at all the "altcoins" as a waste of time say that proof-of-work is essential because "no other method has the concept of scarcity scaling to demand baked right in" I think they are correct, and this is also why they are fundamentally evil
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Mining Bitcoin *has to be* something that gets harder and harder to do the more people are trying to do it, and the only way to enforce this and make it impossible to get around is to make the difficulty based on burning real physical resources
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It makes perfect sense as the only really logical way to accomplish Bitcoin's goals, and that's why its goals are evil
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Replying to @arthur_affect
There is one project that wants to commit that power toward research called BOINC, but it never caught on and doesn't have the absurd volatility bitcoin has always had, which is what coin fanatics really want.
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Replying to @BrentonPoke
I actually tried mining Gridcoin for a while and I never made more money than I could've by using the same computing resources to, I dunno, play FPSes continuously until after six months of gaming I suddenly notice a nickel on the floor I didn't see before
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Replying to @arthur_affect
I couldn't figure out how to run the software on linux and gave up because I didn't want to have to be in windows to deal with it. I think gridcoin could've been something real useful if this digicoin idiots actually wanted to solve a problem.
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Replying to @BrentonPoke
Nah I personally doubt it, it's magical thinking All of these blockchain token implementations go through all this work to make it possible to turn something you do on a computer into scarce amounts of poker chips Which is the fun (not that hard) technical challenge
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Replying to @arthur_affect
I don't think gridcoin ever had a built-in limit, though. Part of the reason weird libertarians like bitcoin is because of the fact that it will eventually reach a cap. Gridcoin could theoretically be granted as long as orgs put money in the project's "central bank".
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Replying to @BrentonPoke
Gridcoin gave power to a "Federal Reserve" based on which projects BOINC approved and which ones it didn't and yeah that was always going to be a problem Both for the grifters and for the wackjob ancaps It undermines their whole ideal of a trustless society
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Also it undermined the original concept of BOINC being a genuine attempt to use computing power altruistically It was a big problem that the most efficient way to mine Gridcoin was to mine whatever projects were "low-hanging fruit" and generated the most blocks
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Replying to @arthur_affect @BrentonPoke
Which was a mixture of factors based on how many people were already working on it and the mathematical properties of the data the project wanted The latter is totally orthogonal to how many people the project helps, and the former actually inversely correlated
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Replying to @arthur_affect @BrentonPoke
Mining Gridcoin generally shunted you *away* from the big popular projects like World Community Grid crunching numbers to analyze proteins to find a cure for cancer *Toward* weird abstruse number theory projects looking for ways to sift through prime numbers etc
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