4 ms·
There are actually lots functional proof of stake coins like byteball and NEM for example (but I share your skepticism about long term viability of proof of sta
by wildsatchmo 9y ago
There are actually lots functional proof of stake coins like byteball and NEM for example (but I share your skepticism about long term viability of proof of stake BECAUSE it doesn't cost anything). I think the energy "waste" isn't waste because it serves a purpose. For someone to forge a transaction they would need to control a huge amount of hash power which would cost a fortune. On the other hand, there's always ideas like gridcoin that use that hash power to do scientific computations at the same time (best of both worlds?).