Why are you spending all this money on proof-of-work when I plan to soon make it obsolete?
I've only spent about $1200 so far, and the $5000 is (mostly) backed by people who contributed
to the Cuckoo Cycle Bounty Fund. It's far from certain that it will all be spent.
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Wouldn't it better to invest that $5000 in something with a future that can appreciate in value?
Most of the $5000 is held in BTC, and should appreciate just fine.
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Or do you see uses for that outside of blockchains?
As https://en.wikipedia.org/wiki/Proof-of-work_system shows,
a proof-of-work may serve well for preventing spam and denial-of-service attacks.
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I went down that rabbit hole with you and I concluded there can never be a stable CPU proof-of-work.
IMO Cuckoo Cycle has the best odds of being an unprofitable-for-everybody proof-of-work.
