there is a reason why there is almost no proof of work coins anymore

there can only be one network per given hash function

if the hardware can adapt to do several, then the most valuable of the networks will end up dominating and squashing out all the small competitors using the same hash function

i was in the trenches with the shitcoins, watching a shitcoin that used SHA256 and Scrypt hashes get hammered repeatedly by mining pools chasing every bit of pump the coin had, and fucking up the timing of the blocks because of its poorly designed difficulty adjustment

you are all being very naive

if your thing is successful it's going to be plagued by attackers

Reply to this note

Please Login to reply.

Discussion

I’m not talking about other coins.

You know there are proof of work notes on Nostr right?