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I may be misinformed, but I see proof of work schemes as something that will inevitably lead to a tremendous waste of energy -- the last thing we should do if w
by roma1n 9y ago
I may be misinformed, but I see proof of work schemes as something that will inevitably lead to a tremendous waste of energy -- the last thing we should do if we still want to inhabit this planet in a few decades. If a centralized authority is needed to reduce this waste, then so be it.
- shrimpx 9y agoIt's true. Alternatives like Proof of Stake, Delegated Proof of Stake, Proof of Importance, etc., try to fix the energy waste problem. They follow similar reasoning to Proof of Work, using financial incentives to keep miners honest. They don't require centralized authorities. However it's early days for Proof of Stake, we'll see how it develops.