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Re: [Asrg] 3. Proof-of-work analysis

2004-05-20 15:42:53
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In article <LV1hjGBSmTqAFAry(_at_)highwayman(_dot_)com>, Richard Clayton
<richard(_at_)highwayman(_dot_)com> writes

We've doubtless duplicated the figures on the back of many an
envelope, but it is clearly useful to have the analysis in the formal
literature where our assumptions and figures can be considered and
possibly even improved upon by others.

Paper:

    http://www.cl.cam.ac.uk/~rnc1/proofwork.pdf

we're grateful (albeit a little embarrassed) for the consideration given
to one of our figures by Ted Wobber (MS Research) who has pointed out a
tenfold error in our sum involving an 0.0023% response rate  :-(

we'll be revising our text accordingly -- since this will weaken our
statements about the "economic argument" ... though it does _not_ affect
our analysis based on use of zombies  

- -- 
richard                                              Richard Clayton

They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety.         Benjamin Franklin

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