News for hackers. Stuff that matters.

A comment on The Bitcoin hash rate has increased by 28.2% over the last month. Parent comment

Re:The Bitcoin hash rate has increased by 28.2% over the las... by huherto on Thursday April 21, 2016 @01:27PM (#11543816)
> Again, how should the initial units be distributed fairly?

Same amount for everybody. One weekly/monthly payment for everybody. Like basic income. I am just guessing, I haven't thought about it deeply.

[ Parent | on HN ]
Re:The Bitcoin hash rate has increased by 28.2% over the las... by VMG on Thursday April 21, 2016 @03:22PM (#11544709)
That requires a central registry match cryptographic identities with physical ones. That is overhead and a trusted third party.

An idea like this was also often brought up in spam prevention, which interestingly is also the origin of proof-of-work: https://en.wikipedia.org/wiki/Hashcash

[ Parent | on HN ]