Post
Topic
Board Altcoin Discussion
Re: [XPM] [ANN] Primecoin Prerelease Announcement - Introducing Prime Proof-of-Work
by
Loktera
on 05/07/2013, 16:50:11 UTC
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.