Yes, there's a viable alternative to proof-of-work - the projection of military might and power. Bombs, bullets, and death currently enforce the world reserve currency (Iraq, Libya, et. al.) and the US Government is the #1 polluter on Earth.
That's why Bitcoin was created. Smart people can do "better" when "best" isn't available.
Check back in five years to see where homomorphic computing workload distribution is, but for now PoW is hash power.
If that same sociopathic government (namely Al Gore, John Kerry,
As a side benefit, the integral fast reactor could have democratized the use of nuclear weapons. Imagine a world in which "Iraq, Libya, et al" could go toe to toe not only with the US central bank, but with the US Department of Defense. Truly, a freer, richer world.
US Military (Score:1, Interesting)
Yes, there's a viable alternative to proof-of-work - the projection of military might and power. Bombs, bullets, and death currently enforce the world reserve currency (Iraq, Libya, et. al.) and the US Government is the #1 polluter on Earth.
That's why Bitcoin was created. Smart people can do "better" when "best" isn't available.
Check back in five years to see where homomorphic computing workload distribution is, but for now PoW is hash power.
If that same sociopathic government (namely Al Gore, John Kerry,
Re: (Score:3)
As a side benefit, the integral fast reactor could have democratized the use of nuclear weapons. Imagine a world in which "Iraq, Libya, et al" could go toe to toe not only with the US central bank, but with the US Department of Defense. Truly, a freer, richer world.
Re:US Military (Score:2)
Re: (Score:2)
Why even comment if you don't understand the point the commenters are making?
That attitude could destroy social media as we know it.