Posted by
timothy
on from the to-stem-the-tide dept.
Anon writes: "Although the use of HashCash has been featured before, Adam Back has recently (August 1st) published a paper about it, outlining many other applications for the mechanism. Quite an interesting read. It seems the guys at camram have been working on a standard for use in e-mail too."
The hashcash proposition is somewhat dangerous
by
hillct
·
· Score: 5, Insightful
I have a problem with the basic proposition of hashcash. It it really reasonable to - in order to improve the efficiency of a system - introduce ineficiency into that system and and expect a positive outcome?
The entire premise seems ridiculous. Granted the system might work in small controlled enviroments where the overall inefficiency it introduces into the network would be limited, but if you read the proposal, you'll see that of course the system wouldn't work at all unless it was adopted on a large scale, so, while it's certainly a novel idea, I don't see how it could possibly succeed.
Slashdot Mirror
I have a problem with the basic proposition of hashcash. It it really reasonable to - in order to improve the efficiency of a system - introduce ineficiency into that system and and expect a positive outcome?
The entire premise seems ridiculous. Granted the system might work in small controlled enviroments where the overall inefficiency it introduces into the network would be limited, but if you read the proposal, you'll see that of course the system wouldn't work at all unless it was adopted on a large scale, so, while it's certainly a novel idea, I don't see how it could possibly succeed.
--CTH
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