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The only thing I'll note is that Ethereum has committed to moving to Proof of Stake, albeit at a glacial pace, which * should * mostly remove the environmental
by bpodgursky 6y ago
The only thing I'll note is that Ethereum has committed to moving to Proof of Stake, albeit at a glacial pace, which * should * mostly remove the environmental destruction. The leadership does seem committed, although the rollout is slow.
Not really a fan of crypto overall (although I own some eth as a hedge in case it takes off), not contesting your other points.
- TeMPOraL 6y agoIs PoS actually proven to work, the way PoW is? I keep revisiting this topic every now and then, and I always see it in the stage of "we think it should work, but we kind of don't have a mathematical proof just yet". From which I conclude it will most likely be eventually proven to not work at all, and we'll still be stuck with PoW.
- spir 6y agoYes, PoS has been proven to work. The research problems are solved. A public testnet of Ethereum's proof of stake is currently live. https://medalla.launchpad.ethereum.org/ https://medalla.launchpad.ethereum.org/
- TeMPOraL 6y agoThank you. I'll rethink my perspective in light of this. Energy use concerns were always my primary concern wrt. the entire crypto space (scams will diminish as the space gets regulated, but energy profile of PoW looked like an insurmountable problem in principle).
- Paradigma11 6y agoThere area several currencies out there in the wild based on PoS like Tezos.