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Cake day: June 20th, 2023

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  • Scarcity is what powers this type of challenge: you have to prove you spent a certain amount of electricity in exchange for access to the site, and because electricity isn’t free, this imposes a dollar cost on bots.

    You could skip the detour through hashes/electricity and do something with a proof-of-stake cryptocurrency, and just pay for access. The site owner actually gets compensated instead of burning dead dinosaurs.

    Obviously there are practical roadblocks to this today that a JavaScript proof-of-work challenge doesn’t face, but longer term…