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by otheotheothe 3218 days ago
It absolutely is USELESFULL work, its protecting a 40 BIO USD Marketcap, financial freedom, censorship resistant payments...

Recaptcha and co are gimmicks compared to this.

1 comments

I wouldn't go so far as to call reCaptcha a gimmick. It is an excellent example of how a slight modification/re-mapping of the original problem-space can solve more socially/commercially useful problems.

PoW has proven itself in the field for years, while PoS is still untested at scale. Being able to piggyback scientific/medical/environmental computation over a PoW scheme would provide significant value as opposed to a fairly useless compute problem such as the double-SHA256.

The key here is to be able to re-interpret/re-state a problem in terms of the PoW algorithm with the following characteristics: - Expensive to calculate, cheap to validate - Dynamically-adjustable difficulty

An ideal implementation of this would be similar to an OS running an idle process (double SHA256), and switching to running user-processes (medical/scientific computation) when needed/instructed.

> Expensive to calculate, cheap to validate

Sounds like NP-completeness [1]

[1] https://en.wikipedia.org/wiki/NP-completeness