Earlier quoted context omitted.
Do you know why said cryptocurrency would use such a bespoke proof-of-work function? I.e., was it just someone ignorant who had only a vague idea that cryptography somehow uses prime numbers and didn’t know when or why, or was there a deeper reason?
There was a really popular trend among cryptocurrencies at some point of creating a new proof of work function as a way to differentiate your coin from the sea of Bitcoin clones. Coin creators would then make unsupported claims about why their new pow was better than Bitcoin (claims such as GPU, resistance, asic resistance, or some kind of social good were common). In the case of the prime number coins (primecoin, ri…
Isn't that the definition of a pyramid scheme?