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Ethereum is replacing proof-of-work with proof-of-stake in 2020, which should help with this. But what are you comparing the cost of running Bitcoin to, the en
by pazimzadeh 7y ago
Ethereum is replacing proof-of-work with proof-of-stake in 2020, which should help with this.
But what are you comparing the cost of running Bitcoin to, the entire world's banking infrastructure? Does this take into account all of money that has slipped through the cracks over the years?
i.e. https://www.thenation.com/article/pentagon-audit-budget-fraud/ https://www.thenation.com/article/pentagon-audit-budget-frau...
> "there were no ledger entries or receipts to back up how that $6.5 trillion supposedly was spent"
> "In all, at least a mind-boggling $21 trillion of Pentagon financial transactions between 1998 and 2015 could not be traced, documented, or explained"
- gibybo 7y ago>Ethereum is replacing proof-of-work with proof-of-stake in 2020, which should help with this. I seem to remember that proof-of-stake has been coming 'next year' for about 3 years now.
- pazimzadeh 7y agoI don't really mind if they take one more year to do it if it is seamless. Seems like all existing ETH will eventually become ETH2. Is it notable that proof-of-stake moves power from the means of production to the owners?