Cuckoo Cycle proof-of-work: $5000 in bounties

[tromp]

Cuckoo Cycle is an instantly verifiable memory bound Proof-of-Work,
whose runtime is dominated by memory latency.

I invite anyone to try claim one of the following bounties for performance doubling:

CPU   $2000
TMTO $2000
GPU   $1000

or half the above bounties for a sqrt(2) performance improvement. Details at

https://github.com/tromp/cuckoo

Happy bounty hunting.

[iamnotback]

Cuckoo Cycle is an instantly verifiable memory bound Proof-of-Work,
whose runtime is dominated by memory latency.

I invite anyone to try claim one of the following bounties for performance doubling:

CPU   $2000
TMTO $2000
GPU   $1000

or half the above bounties for a sqrt(2) performance improvement. Details at

https://github.com/tromp/cuckoo

Happy bounty hunting.

Why are you spending all this money on proof-of-work when I plan to soon make it obsolete?

Wouldn't it better to invest that $5000 in something with a future that can appreciate in value?

Or do you see uses for that outside of blockchains?

I went down that rabbit hole with you and I concluded there can never be a stable CPU proof-of-work.

[iamnotback]

Another attempt to convince you that you will lose the battle against Physics:

https://bitcointalk.org/index.php?topic=1671480.msg16837201#msg16837201

[szachta]

For this 5000 usd you can buy home and rent,my opinion.

[tromp]

Why are you spending all this money on proof-of-work when I plan to soon make it obsolete?

I've only spent about $1200 so far, and the $5000 is (mostly) backed by people who contributed
to the Cuckoo Cycle Bounty Fund. It's far from certain that it will all be spent.

Wouldn't it better to invest that $5000 in something with a future that can appreciate in value?

Most of the $5000 is held in BTC, and should appreciate just fine.

Or do you see uses for that outside of blockchains?

As https://en.wikipedia.org/wiki/Proof-of-work_system shows,
a proof-of-work may serve well for preventing spam and denial-of-service attacks.

I went down that rabbit hole with you and I concluded there can never be a stable CPU proof-of-work.

IMO Cuckoo Cycle has the best odds of being an unprofitable-for-everybody proof-of-work.