[LINK] Bitcoin and global warming
Tom Worthington
tom.worthington at tomw.net.au
Thu Dec 21 09:32:36 AEDT 2017
On 17/12/17 17:53, David Lochrin wrote:
> On 17/12/2017 09:39, Bernard Robertson-Dunn wrote:
>
> ... cryptographic "puzzle" fits in Bitcoin architecture ...
As I understand it Bitcoin has a "difficulty target" which is adjusted
so the "proof-of-work" required limits the creation of new coins. This
is purely make work. It is conceivable to use a different rationing
mechanism for crypto-currency.
http://blog.highereducationwhisperer.com/2017/11/are-bitcoin-and-blockchain-bad-for.html
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Tom Worthington, MEd, FHEA, FACS CP. http://www.tomw.net.au t
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