Author: ZmnSCPxj 2019-07-19 03:45:03
Published on: 2019-07-19T03:45:03+00:00
The email conversation discusses different aspects of cryptocurrency mining, including the possibility of a 51% attack on proof-of-work (PoW) coins and whether or not a change in hashing algorithm can prevent such attacks. It is argued that PoW mining is efficient and that proof-of-stake (PoS) is a delusion. The conversation also touches upon the issue of double spend attacks and how they can be prevented with community-guided initiatives. The role of large stakeholders in coin dominance is also discussed, with the proposal of being non-linear on the size of the stake as a potential solution. Finally, the conversation ends with a lighthearted comment about the energy waste and heat generation of PoW mining.
Updated on: 2023-06-13T20:03:53.536228+00:00