On Mon, Jan 26, 2009 at 9:40 AM, John Gilmore <g...@toad.com> wrote:
>> > If POW tokens do become useful, and especially if they become money,
>> > machines will no longer sit idle. Users will expect their computers to
>> > be earning them money (assuming the reward is greater than the cost to
>> > operate).
>
> Computers are already designed to consume much less electricity when
> idle than when running full tilt.  This trend will continue and
> extend; some modern chips throttle down to zero MHz and virtually zero
> watts at idle, waking automatically at the next interrupt.
>
> The last thing we need is to deploy a system designed to burn all
> available cycles, consuming electricity and generating carbon dioxide,
> all over the Internet, in order to produce small amounts of bitbux to
> get emails or spams through.

Richard Clayton and I claim that PoW doesn't work:

http://www.cl.cam.ac.uk/~rnc1/proofwork.pdf

---------------------------------------------------------------------
The Cryptography Mailing List
Unsubscribe by sending "unsubscribe cryptography" to majord...@metzdowd.com

Reply via email to