Re: ion.cash "developer" a.k.a. Anonymint goes off the deep end

Mining will be unprofitable if we achieve that technical design goal. Only users that send transactions or who don't count their insignificant electricity cost will mine.

Did you just reveal that mining has a proof of burn involved because I don't see any other way for that statement to work otherwise.

I already told you that if users are required send PoW with each transaction and they don't care about their insignificant electrical cost then PoW will be unprofitable, especially if the CPU-only hash has been well designed to be within an order-of-magnitude of the potential ASIC optimization. In my recent archives (July?), smooth and I estimated this order-of-magnitude for Cryptonite at between 1 and 2, and I believe mine may be slightly better than Cryptonite.

There is your first example of me doing something technical you formerly thought is impossible. And there will be many more such cases. Stay tuned...

Oh, you're using PoW for what it was actually created for...who would have guessed haha.

Yeah I think my designs will be mostly anti-climatic once released. It will be sort of like, "oh that was obvious".

Except the anonymity breakthrough is more than slightly clever. It was very difficult to detach the payer from the payee and still hide the value without requiring some global setup and can't unwind double-spends on orphaned chains that Zerocash suffers. Also of course it doesn't require the moon math of Zerocash and is much more efficient. I am particularly proud of that one (assuming my math is correct).