Quote from: calian on July 05, 2013, 07:38:39 AM

Quote from: Loktera on July 04, 2013, 09:57:28 PM

Quote from: yaffare on July 04, 2013, 05:48:56 PM

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.

If you hadn't heard, Sunny King developed a potential solution to this several months back.
http://ppcoin.org/
http://ppcoin.org/static/ppcoin-paper.pdf

I'm aware; I was just answering his question about why people bother pursuing alternate proof of work/stake/etc methods.