I came across 2 nuggets about the topic : pow on internet.
You can search these links on my public listing page on  learning paths
Website Screenshot

1. True randomness is not possible. 2. For a fair distribution of newly minted bitcoins the buyer must determine the cost he is ready to shell out. It is a free market and this is the price free market has set. 3. For a reference you can think of the same for Gold. Say gold reserves dies down, the price of gold increases. More resources are spent on mining gold. Would you say that is a waster of resources?1. True randomness is not possible. 2. For a fair distribution of newly minted bitcoins the buyer must determine the cost he is ready to shell out. It is a free market and this is the price free market has set. 3. For a reference you can think of the same for Gold. Say gold reserves dies down, the price of gold increases. More resources are spent on mining gold. Would you say that is a waster of resources? #notesToSelf

Home