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1\ I gave a weird talk (even for me) at the incredible #RefactorCamp2018.
I presented five schemes, each increasingly crazy, requiring more bullshit tolerance. My title slide below should give an idea of what this talk was like.
Read on for short desc. & links to each scheme.
I presented five schemes, each increasingly crazy, requiring more bullshit tolerance. My title slide below should give an idea of what this talk was like.
Read on for short desc. & links to each scheme.
2\ The first scheme I call the "Nakamoto Point":
The share of global energy used by PoW mining will increase until the marginal revenue from burning 1 kWh of PoW mining = revenue from selling that same kWh on the grid (currently PoW is a >10x premium!)
The share of global energy used by PoW mining will increase until the marginal revenue from burning 1 kWh of PoW mining = revenue from selling that same kWh on the grid (currently PoW is a >10x premium!)
3\ The second scheme I call "Chain Lightning":
Layer 1 : #Bitcoin (value)
Layer 2: #LightningNetwork (value => payments)
Layer 3: Dist. data & bandwidth markets (payments => infrastructure)
Layer 4: dApps (infrastructure => world computer)
Sorry ETH.
Layer 1 : #Bitcoin (value)
Layer 2: #LightningNetwork (value => payments)
Layer 3: Dist. data & bandwidth markets (payments => infrastructure)
Layer 4: dApps (infrastructure => world computer)
Sorry ETH.
