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.
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.