Author Topic: Proof of Waste  (Read 5159 times)

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Offline roadscape

I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.

I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.

I like it.
http://cryptofresh.com  |  witness: roadscape

zerosum

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I have always sucked at spelling ;)   Memorization is not my strong suite... spelling cannot be reduced to logical abstractions.

I will quote you...and that means A LOT of quotes  :)
« Last Edit: November 07, 2014, 04:17:10 am by tonyk2 »

Offline starspirit

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Real Proof of Work could also be conceived as a Proof of Value or Proof of Worth (e.g. its conceivable we could pay shares for capital already created - such as buying in another network or application).
But Real Proof of Work is a more pointed jab at bitcoin.

Offline gamey

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I honestly sat here for a bit wondering if you meant POW miners were fat'n'lazy and to not be as offensive as proof of waste.  looolz.
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Offline starspirit

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I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.

I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.

Like it. I assume you mean Proof of Waste.

Offline bytemaster

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lol. For being the genius you are, your grammar needs some work!

I have always sucked at spelling ;)   Memorization is not my strong suite... spelling cannot be reduced to logical abstractions.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline fluxer555

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*Waste

lol. For being the genius you are, your grammar needs some work!

Offline bytemaster

I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.

I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.

Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA. 
http://ph.linkedin.com/in/underwun
« Last Edit: November 07, 2014, 04:11:49 am by bytemaster »
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.