Re: [Sks-devel] Oh, Jeeez...!

[Andrew Gallagher]

On 27/05/16 15:19, Daniel Kahn Gillmor wrote:
>  we have to ask the question of who a PoW scheme
> protects.  It basically privileges those who have access to more compute
> power, in an attempt to defend the network against malicious flooders.

PoW is a demonstration that you're willing to waste precious resources
performing a calculation of no conceivable utility. It's the IT
equivalent of lighting a cigar with a hundred dollar bill.

http://motherboard.vice.com/read/bitcoin-is-unsustainable

A

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