Children Playing Blockchain
jott.live
Children Playing Blockchain
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Re: Children Playing Blockchain
#2> The first class lost the students that simply couldn't keep up with the increasingly difficult sudokus.
This is the story of every proof-of-work cryptocurrency. After a certain point, they only serve to make the rich even richer. Look at Bitcoin for example, where over 50% of the hashing power is controlled by big Chinese mining operations.
Re: Children Playing Blockchain
#3> The first class lost the students that simply couldn't keep up with the increasingly difficult sudokus. This is the story of every proof-of-work cryptocurrency. After a certain point, they only serve to make the rich even richer. Look at Bitcoin for example, where over 50% of the hashing power is controlled by big Chinese mining operations.
I would contest that assertion - some blockchains regularly change their PoW algorithm in an attempt to stay "ASIC-resistant."
Re: Children Playing Blockchain
#4I found the site's architecture quite interesting: It uses inline JS to transform the Markdown in HTML. view-source:https://jott.live/markdown/elementary_blockchain
Ideally it would be as a Service Worker that pulls pages and transforms them into HTML, so you could serve your Markdown directly, without a separate build step.
Re: Children Playing Blockchain
#5> The first class lost the students that simply couldn't keep up with the increasingly difficult sudokus. This is the story of every proof-of-work cryptocurrency. After a certain point, they only serve to make the rich even richer. Look at Bitcoin for example, where over 50% of the hashing power is controlled by big Chinese mining operations.
I would contest that assertion - some blockchains regularly change their PoW algorithm in an attempt to stay "ASIC-resistant."
That simply makes two currencies - before-fork, and after-fork. There's no rule that the one that "should" win does, especially in the face of large computing power making the former more attractive. See Bitcoin Cash, versus Bitcoin Classic.
Re: Children Playing Blockchain
#6> The first class lost the students that simply couldn't keep up with the increasingly difficult sudokus. This is the story of every proof-of-work cryptocurrency. After a certain point, they only serve to make the rich even richer. Look at Bitcoin for example, where over 50% of the hashing power is controlled by big Chinese mining operations.
I would contest that assertion - some blockchains regularly change their PoW algorithm in an attempt to stay "ASIC-resistant."
Ok. Perhaps not every proof-of-work currency, but a vast amount of them still suffer from the issue I mentioned.
Re: Children Playing Blockchain
#7> The first class lost the students that simply couldn't keep up with the increasingly difficult sudokus. This is the story of every proof-of-work cryptocurrency. After a certain point, they only serve to make the rich even richer. Look at Bitcoin for example, where over 50% of the hashing power is controlled by big Chinese mining operations.
But at the end of the day, PoW is simply a fee that users of the network pay (in the form of inflation) to secure the network. I'm not convinced it's really a distribution mechanism.
Re: Children Playing Blockchain
#8Funny.
The first class was a public class & anybody could join in at any time. The second class had reserved early seats based on the initial supply of the dices; without investment in the initial dices the game doesnt start, whereas sudoku generation is free.
Re: Children Playing Blockchain
#9> The first class lost the students that simply couldn't keep up with the increasingly difficult sudokus. This is the story of every proof-of-work cryptocurrency. After a certain point, they only serve to make the rich even richer. Look at Bitcoin for example, where over 50% of the hashing power is controlled by big Chinese mining operations.
But at the end of the day, PoW is simply a fee that users of the network pay (in the form of inflation) to secure the network. I'm not convinced it's really a distribution mechanism.
Is the network so secure if relatively few groups hold most of the power? The danger of 51% attacks[0] is well known.
Re: Children Playing Blockchain
#10> but without 2 years of constantly solving sudoku under their belt, they couldn't compete with the more experienced sudoku-solvers
Inaccurate analogy. Miners are more limited by cheap electricity/cooling than CPU which is more generally available.