Author: Tamas Blummer 2014-12-16 08:28:02
Published on: 2014-12-16T08:28:02+00:00
In an email correspondence between Isidor Zeuner and Tamas Blummer, the concept of Proof of Burn and its value is discussed. Zeuner questions the effectiveness of Proof of Burn in comparison to other approaches that keep Bitcoins within the set of outputs that can still participate. Blummer responds by stating that without burning the output, there is no cost to expressing alternate opinions simultaneously. He goes on to suggest that any notion which differentiates the two approaches must make assumptions about what defines the interest of the Bitcoin nodes as a community. The discussion highlights the complexities involved in determining the most effective approach for Bitcoin mining and the importance of considering the interests of the wider community.
Updated on: 2023-06-09T14:37:48.367230+00:00