| --- Log opened Fri Jul 17 00:00:35 2020 |
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| 06:45 | <@sshine> | I'm creating some small tasks related to cryptocurrencies for my boss'es summer course |
| 06:47 | <@sshine> | I thought of a task where you create a deflationary token on Ethereum. but since deflationary tokens rely on the idea that they are scarce and requires work to get, I have to come up with some fictive amount of work that is "hard" to perform (for some arbitrary definition) and easy to verify (for the exact definition that verification should happen in a smart contract). |
| 06:48 | <@sshine> | so an example could be "give me a mersenne prime I haven't seen before, and I'll give you some of this money." |
| 06:49 | <@sshine> | except I'm not sure if prime verification is cheap enough to do on-chain; it might be. |
| 06:50 | <@sshine> | I guess the classical proof-of-work method is really possible, too. so something about hashing a value some number of times until the number of 0-bits from one side is greater than some threshold. (this is the way to scale the workload in case the work becomes popular.) |
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| 23:23 | <@Tamber> | Attn: TheWatcher, in particular~ https://twitter.com/feartomorrow/status/1283913867156951043 |
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| 23:38 | <~Vornicus> | that is clearly me |
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| --- Log closed Sat Jul 18 00:00:36 2020 |