Letter to Stephen Williamson – Federal Reserve Bank of St. Louis

17 October 2018

Mr. Stephen Williamson

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

Mr. Stephen — I read your paper “Is Bitcoin a Waste of Resources?” and wanted to respond to Argument #3:

Argument 3: Mining would be a waste if there was another more efficient way to implement a Bitcoin-like currency without proof-of-work. But current research has so far been unable to demonstrate a viable alternative

Lynx is an eco-friendly cryptocurrency that discourages mining for profit. Lynx implements alternative methods to mine coins using low cost computers and minimal electricity while protecting the blockchain. If you have interest, please take a look at the attached . Best Regards.

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