When he saying thermodynamics means that there is some metric in the physical would that is consensus mechanism is dependent on. Something that ties to nature or something that can't be created without real world work.
When he saying thermodynamics means that there is some metric in the physical would that is consensus mechanism is dependent on. Something that ties to nature or something that can't be created without real world work.
Yeah that makes sense. It just seems a shame to expend all that energy just because it's so valuable to us. And the logic that you have to use up something valuable to prove that what you are using it on is valuable seems wasteful. Although it does make sense in terms of value.
It would be cool if someone creates a system in which the energy a solar panel generates is tokenized. Say 1KW of energy generated released 1000 solarcoins on a blockchain. Each Panel has an address and be independently monitored.
Cue people setting up sun lamps over their solar panels to boost their output...
You could establish thermodynamic proof by lowering the block reward as difficulty increases. Same energy-per-token, but less energy wasted overall.