Re:Coinexchange.io is Closing Down
by wesammikhail on Monday October 14, 2019 @12:54PM
(#21250281)
huh? Not sure you follow.
Nothing would change in the fundamental nature of bitcoin or any other currency. The only difference is the algorithm that you run on the back-end to mine the coin would be one of scientific importance rather than one with 0 societal value. The algorithm run right now is based on an NP problem. So why not just use another NP problem worth actually solving?
Re:Coinexchange.io is Closing Down
by Aperocky on Monday October 14, 2019 @12:58PM
(#21250322)
I’m saying that transaction need not be denoted by crypto. There’s no point to create something that already exist (buying computing power at AWS/ voluntary compute power sharing) just so it could be a crypto
Nothing would change in the fundamental nature of bitcoin or any other currency. The only difference is the algorithm that you run on the back-end to mine the coin would be one of scientific importance rather than one with 0 societal value. The algorithm run right now is based on an NP problem. So why not just use another NP problem worth actually solving?