41–50 of 428 posts
Is there something unique or special about the private keys that are guessed? This seems like an incredibly wasteful allocation of compute (which wouldn’t be surprising given that it’s bitcoin but still)
I had the same reaction. Isn't Bitcoin wasting enough energy as it is?
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I think the puzzle idea is that, if you could figure out a weakness in the hash, you could claim it faster than the brute force approach. So each prize that's claimed "on schedule" supports the idea that there aren't any widely known shortcuts. Obviously if you found a shortcut in the hash you might do other things first, but I think that's the idea.
Hmm yeah if I cracked Bitcoin then last thing I'd do is claim a prize that gave away the fact that I'd cracked Bitcoin.
Earlier quoted context omitted.
I think the puzzle idea is that, if you could figure out a weakness in the hash, you could claim it faster than the brute force approach. So each prize that's claimed "on schedule" supports the idea that there aren't any widely known shortcuts. Obviously if you found a shortcut in the hash you might do other things first, but I think that's the idea.
Hmm yeah if I cracked Bitcoin then last thing I'd do is claim a prize that gave away the fact that I'd cracked Bitcoin.
also, if you were the type that thinks bitcoin is lame, this could be a way of undermining the concept to the point that people no longer use it because it's not secure as it was touted
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I had the same reaction. Isn't Bitcoin wasting enough energy as it is?
What if it’s 100% green energy? Is it a waste?
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Why?
Can't we come up with puzzles where at least something of value is created when the puzzle is solved (and a tremendous amount of resources is not wasted)?
What puzzles create something of value when they're solved today? A puzzle is typically a thing you do for fun and entertainment, not something you try to solve for the purpose of creating value.
I guess you're thinking more about logic/mathematical puzzles and alike? Would make sense in that case, but that's not the only type of puzzle.
Earlier quoted context omitted.
I had the same reaction. Isn't Bitcoin wasting enough energy as it is?
What if it’s 100% green energy? Is it a waste?
Earlier quoted context omitted.
I had the same reaction. Isn't Bitcoin wasting enough energy as it is?
What if it’s 100% green energy? Is it a waste?