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Nobody said proof-of-work. Bitcoin is not the only game in town. Ledger consensus can be reaches without wasting resources on a proof-of-work algorithm.
by tastyfreeze 8y ago
Nobody said proof-of-work. Bitcoin is not the only game in town. Ledger consensus can be reaches without wasting resources on a proof-of-work algorithm.
- afiori 8y agoWhich answer none of the point presented. Financial markets are heavily regulated for a good reason, Bitcoin need to find a good way to "clone" that if it want to be used for actual finance. Errors can come from outside the system, any kind of consensus protocol cannot solve that. So cryptocoins do not have any particular advantage here.