Is the BTC drop stabilizing already? I’m so bummed. I thought I was going to witness something hilarious.
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@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
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@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. -
@GlennF No, it makes it not totally distributed. One sec, I’ll link it. It’s interesting to me that it had zero traction -
@GlennF Here’s the proposal: http://www.links.org/files/distributed-currency.pdf …, it’s a follow-up to a critique: http://www.links.org/files/decentralised-currencies.pdf … -
@sarahjeong This seems *way* too non specific, but I do see the general point. - 1 réponse de plus
Nouvelle conversation -
Le chargement semble prendre du temps.
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