Is the BTC drop stabilizing already? I’m so bummed. I thought I was going to witness something hilarious.
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@sarahjeong It seems like it’s a way to replace credit-card and wire transfer stuff.
@GlennF Yeah, I think the family of technologies is very promising and interesting, but obv lots of problems
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@sarahjeong To me, the financial incentive didn’t align with the computational power created (and still growing). -
@GlennF Some of the mining rigs were explicitly designed to pay off the investment in a few months? -
@GlennF I think financially it did line up for a bit, until the proof of work difficulty got so enormous that it’s just silly now -
@sarahjeong Proof of work has to taper. Difficulty could reverse (has before) as people exit. -
@GlennF Yes. But not clear that it will go back to a point where mining makes sense. -
@sarahjeong Yeah. In my Economist piece, I argue it’s approaching marginal. it’ll be data centers and cheap power. No individauls. -
@GlennF Have you seen the Laurie proposal from early on? For a more efficient network? -
@sarahjeong Does it involve an alternative to SHA256? I haven’t seen it. - 4 réponses de plus
Nouvelle conversation -
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@sarahjeong I want to understand how they motivated people to create the level of computational power and chip design.Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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Le chargement semble prendre du temps.
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