Re:Why you can’t buy a high-end graphics card at Best Buy
by TeMPOraL on Sunday January 21, 2018 @11:37AM
(#16198651)
> Imagine if Energy was free, despite of 'consensus', the supply of such currency would be virtually unlimited and it would be worthless.
They would just ramp up the network difficulty. Soon mining would be counted in exhausted stars per second.
Cryptocurrencies are the perfect example of the maxim that "just because you can, doesn't mean you should". They're funny in theory, proof of work being an interesting solution to a particular mathematical problem. In the real world, with problems determined by laws of physics and (in consequence) the structure of human minds, this is about the worst imaginable way to run the economy. The constraints of the problem solved by cryptocurrencies are not very meaningful in reality.
They would just ramp up the network difficulty. Soon mining would be counted in exhausted stars per second.
Cryptocurrencies are the perfect example of the maxim that "just because you can, doesn't mean you should". They're funny in theory, proof of work being an interesting solution to a particular mathematical problem. In the real world, with problems determined by laws of physics and (in consequence) the structure of human minds, this is about the worst imaginable way to run the economy. The constraints of the problem solved by cryptocurrencies are not very meaningful in reality.