4 ms·
There is no “energy problem”. Energy spent mining bitcoin is the price paid for security of the ledger in in-cheatable currency of the universe. Proof of stake
by keymone 8y ago
There is no “energy problem”. Energy spent mining bitcoin is the price paid for security of the ledger in in-cheatable currency of the universe. Proof of stake systems are all castles in the air in that regard.
- darawk 8y agoIf they are castles in the air, then why do they work?
- keymone 8y agomarkets are often irrational.
- darawk 8y agoOk, but proof of stake is a security model. So what you're claiming is not just that markets are irrational, but that thieves can steal all this money, and are just choosing not to. Since people are constantly stealing money in the crypto world, I find that pretty hard to believe.
- keymone 8y agoin proof of work security is paid for in energy. in proof of stake security is paid for in currency of the system. if this circular property doesn't bother you - fine, but it bothers me.