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I'm genuinely curious about why you say that. Isn't proof of work proving itself to be a bad way to guarantee trust? Aren't the alternatives worth working on? D

by xrd 9y ago

I'm genuinely curious about why you say that. Isn't proof of work proving itself to be a bad way to guarantee trust? Aren't the alternatives worth working on? Does that statement belie a fundamental misunderstanding of blockchain somehow (if so, I'd really like to understand why)?

TeMPOraL 9y ago
AFAIK it has not been formally proven yet, but the general consensus I see among crypto fans is that you can't achieve the goals of decentralized, trustless currency without involving some kind of huge energy waste somewhere. (It's saddening me that people think this is a feature.)
- bduerst 9y ago
  There is one alternative: https://youtu.be/l2bU_tOREos?t=2m13s https://youtu.be/l2bU_tOREos?t=2m13s