[Cryptography] Proof of Work is the worst way to do a BlockChain
Bill Frantz
frantz at pwpconsult.com
Sun Feb 18 19:16:46 EST 2018
On 2/18/18 at 6:13 AM, jamesd at echeque.com wrote:
>Crypto currency payments tend to be massively replicated to
>avoid various failure modes, but obviously this is uneconomic
>for micropayments, which problem can be fixed by aggregating
>very small payments through single peer sidechains. You would
>have to trust the single peer, but you are only trusting him
>for modest amounts.
Norm Hardy has doen a lot of thinking about this approach which
he call The Digital Silk Road. See
<http://cap-lore.com/Economics/DSR/> for the top of the tree of
web pages.
Cheers - Bill
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