[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


-- 
Tom Worthington, MEd, FHEA, FACS CP. http://www.tomw.net.au t
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