Why do proof of work systems ramp up the difficulty of hash solving while keeping latency constant, instead of keeping difficulty constant while nodes compete to reduce latency? The later seems more useful, and not inflationary.
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Replying to @TimSweeneyEpic
The reason is because the only point of proof of work _is_ to keep latency high. You don't actually need it for anything else. The entire point of PoW is just to have there be a single value you can check before validating a transaction block. It's DDoS protection.
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Replying to @cmuratori @TimSweeneyEpic
Blockchain does not imply proof of work.. Bitcoin design combined the two.
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Replying to @FDesimpel @TimSweeneyEpic
I know? This thread is about proof of work.
4:13 PM - 10 Oct 2021
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