01:06:30 any gut reactions to this paper? https://www.sciencedirect.com/science/article/abs/pii/S1389128622002432 01:20:18 "Ignores basic mining economics completely" is my reaction. But maybe I should read more than the abstract. 01:20:59 Miners would just put double hashrate into the first block of the two-step protocol 01:33:23 yeah. plus, I thought the whole goal of PoW is unfakeable inefficiency.