Post
Topic
Board Altcoin Discussion
Re: [XPM] [ANN] Primecoin Prerelease Announcement - Introducing Prime Proof-of-Work
by
romerun
on 05/07/2013, 03:16:34 UTC
True, but is finding prime really important to the world if everyone keeps running this til the next century ? At the end, it's just another scheme of coin distribution. Prime might be cool in 1920, now it's quite yawn. If it's like trying to find new patterns in human gnome or something I would approve.

Why do you people waste your time with stuff like that?

If you spend all your time on improving bitcoin, that would really help.
What does a different proof of work change?
- it does not change that transactions have to be collected in a block
- it does not change that you have to wait for x confirmations
- it does not change that blocks have to broadcasted
- it does not change .. anything

Traditional PoW methods are quite wasteful of our energy resources. We need a solution that either reduces energy consumption massively, or at least puts the energy to more use than just maintaining a blockchain.