> because apparently what we have to offer is worth spending a ton of cycles to calculate the Anubis challenge. This statement holds the core misapprehension behind Anubis. It’s not a ton of cycles. There is no difficulty setting that would be inconvenient for bots but usable for humans on mobile devices. I noticed the other day that lists.ffmpeg.org had moved to Anubis difficulty level 6, which takes ~180sec for my…
I thought we learned this with Litecoin, it works only as a novelty factor, nothing fundamental. When the reward to abuse crosses a certain threshold, a determined party will come along and completely dominate it.
Anubis is just "solve hashes to get access to a valuable resources", and if the resource is at least valuable to whoever you're trying to deter as it is to legitimate users, you're not deterring anyone (and by extension, if it's more valuable to them, you're deterring your legitimate users instead).