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FYI: when you talk about GPU/mining/energy, you are talking about Proof of Work (pow) and not blockchain. You can look up about Proof of Stake among other ways
by mido22 9y ago
FYI: when you talk about GPU/mining/energy, you are talking about Proof of Work (pow) and not blockchain. You can look up about Proof of Stake among other ways for consensus
- mido22 9y agoWhile you are at it, you can also read up about "triple ledger accounting"
- mkirklions 9y agoI looked this up, what is your point(if you dont mind)? It seems like a feature with ~0 benefits. Can you explain?
- oaeide 9y agoI think you should look it up again.
- aalleavitch 9y agoEven just the concept of the blockchain itself is based on a massively inefficient use of resources to have a public ledger that can't be tampered with. This wouldn't be an issue at all if people just didn't have incentives to tamper with it!
- dorgo 9y ago>This wouldn't be an issue at all if people just didn't have incentives to tamper with it! :O, the only possibility for that which comes to my mind is a world in which everybody is infinetly rich?
- aalleavitch 9y agoCompared to any point in the human past, this is already largely the case in many countries. The problem is that it has been uneven.
- webmaven 9y agoEven that would only address financial incentives (and just the rational ones, at that). There are - unfortunately - others.
- mkirklions 9y agoLets see proof of work be used for 9+ years and millions of people. I worry about russian hackers(spamming) stakes or pulling off attacks. It took me long enough to believe that BTC wasnt going to break.