On 5/16/21, Eric Voskuil via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote: > https://github.com/libbitcoin/libbitcoin-system/wiki/Efficiency-Paradox > https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Memory-Fallacy
The chain security actually reduces by 10% in this proposal. So the efficiency paradox is not violated, it is just the real cost of confirming a transaction is reduced, because there is actually less security. This eventually reduces the price of bitcoin and reduces the amount of electricity the block reward can eventually buy. _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
