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Re:Why you can’t buy a high-end graphics card at Best Buy by bandrami on Sunday January 21, 2018 @01:41AM (#16197133)
> It has approximately nothing to do with entropy.

Err.. it's removing surprisal from bit sequences. That's exactly what Shannon entropy is. There's even a boundary trade-off (which we're obviously trading well, well above) between Boltzmann and Shannon on this.

Re:Why you can’t buy a high-end graphics card at Best Buy by inimino on Sunday January 21, 2018 @02:11AM (#16197178)
Yes, that's the "work". The value of that work is as part of a mechanism for enforcing consensus. To the question "does entropy tell us anything about the larger system" I am arguing that it does not (in any non-trivial way).

Obviously entropy is related to any computation we perform. It's just not going to give us any special insight into cryptocurrencies to point that out.