Re: Bitcoin minting is thermodynamically perverse

Participants: Jeff Garzik

Quote from: NewLibertyStandard on August 06, 2010, 07:20:47 PM

I had all four of my cores dedicated previously toward the goal of generating bitcoins, but it’s no longer worth the cost to me. I am now only generating using one core but the goal is no longer to generate bitcoins. My current goal is to help maintain the strength of the network and to help the network recover (get to the next block adjustment) when and if a large botnet drops out. Bitcoin was about generating bitcoins, but now it’s not. Now it’s about competing botnets providing a secure and reliable foundation for an open currency.

Well said.

Participation in the network as an honest node helps everyone.