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> "existing solutions which don’t burn energy" Like what?
by nonbel 8y ago
> "existing solutions which don’t burn energy"
Like what?
- yoshuaw 8y agoMost computer programs don't rely on brute-forcing hashes to produce results. Programs that don't require brute-force commonly use many times less energy than programs that do rely on brute force. This extra cost is often seen as wasteful.
- nonbel 8y ago>"Programs that don't require brute-force commonly use many times less energy than programs that do rely on brute force." Can you give an example of a program that gives similar results?
- antonvs 8y agoMany of the things that people want to use smart contracts for can be implemented using a model involving some degree of trust between vetted participants. Anything involving a distributed value chain for an industry, for example.
- nonbel 8y agoHow much energy does generating this trust require?
- maxxxxx 8y agoDo you think these questions are clever? How about YOU give an example for a crypto use case that can't be achieved with traditional methods?
- nonbel 8y agoIt is a currency that acts like gold over the internet, ie no chargebacks and (is expected to) appreciate over time as more dollars/etc are created.
- whiskers08xmt 8y agoA digital, decentralized currency. If you want to solve the double-spend problem, you need some kind of economically incentivized block inclusion lottery.