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You'll have to back up that assertion, I'm afraid. Bruce Schneier refers to it as "enormous environmental waste" in https://www.schneier.com/blog/archives/2019/

You'll have to back up that assertion, I'm afraid. Bruce Schneier refers to it as "enormous environmental waste" in https://www.schneier.com/blog/archives/2019/02/blockchain_and_.html https://www.schneier.com/blog/archives/2019/02/blockchain_an... .

nathias 6y ago
Proof of stake has been a thing since 2013 ...
- saagarjha 6y ago
  But it hasn’t really been adopted in a very successful manner, has it?
  - nathias 6y ago
    Adopted in a very successful manner? What does that mean? What a ridiculous standard. Technology exists, if you don't use it its not the fault of the tech. Its not hard to understand: "if X has green and non-green options, and you choose non-green, that doesn't mean you can claim X is non-green."
    - ForHackernews 6y ago
      Any day now the Semantic Web is gonna solve all our problems for us...
    - saagarjha 6y ago
      Lack of widespread adoption provides circumstantial evidence that a technology might not be ready or practical yet.
  - dannyw 6y ago
    Ethereum 2.0 just launched less than a week ago.
    - joosters 6y ago
      It's still vapourware at the moment, you can't even transfer money on it yet and you won't be able to for at least another year.
    - nullc 6y ago
      At the moment Ethereum "2.0" is a scheme to manipulate the market price of ethereum by printing a whole bunch of additional ethereum out of thin air and awarding it to people who lock up their funds completely out of circulation for an unspecified time (considering that this "launch" is now years after the the original claims, the claimed >1 year should not be read as strong evidence of only one year). Because the new system is completely unusable there was absolutely no legitimate purpose to start this lockup at this time as a public system rather than just some fake-money test network. Once (if?) it becomes usable it will have the additional ultimate property of further enriching the beneficiaries of Ethereum's 72 million coin pre-mine, since those super large positions are effectively illiquid (can't sell more than a small share without crashing the price), its low risk for those parties to place large amounts in lockup. The concept of "proof of stake" has fundamental soundness problems which have not been addressed except by obscuring it with deceptive obfuscation and protecting it against peer review through sheer complexity. https://download.wpsoftware.net/bitcoin/pos.pdf https://download.wpsoftware.net/bitcoin/pos.pdf
- CodesInChaos 6y ago
  The idea has been around a long time, but making it work is really hard.
- pjc50 6y ago
  Does this "efforce" use proof of stake? Yes or no.

nathias 6y ago

Proof of stake has been a thing since 2013 ...

saagarjha 6y ago
But it hasn’t really been adopted in a very successful manner, has it?
- nathias 6y ago
  Adopted in a very successful manner? What does that mean? What a ridiculous standard. Technology exists, if you don't use it its not the fault of the tech. Its not hard to understand: "if X has green and non-green options, and you choose non-green, that doesn't mean you can claim X is non-green."
  - ForHackernews 6y ago
    Any day now the Semantic Web is gonna solve all our problems for us...
  - saagarjha 6y ago
    Lack of widespread adoption provides circumstantial evidence that a technology might not be ready or practical yet.
- dannyw 6y ago
  Ethereum 2.0 just launched less than a week ago.
  - joosters 6y ago
    It's still vapourware at the moment, you can't even transfer money on it yet and you won't be able to for at least another year.
  - nullc 6y ago
    At the moment Ethereum "2.0" is a scheme to manipulate the market price of ethereum by printing a whole bunch of additional ethereum out of thin air and awarding it to people who lock up their funds completely out of circulation for an unspecified time (considering that this "launch" is now years after the the original claims, the claimed >1 year should not be read as strong evidence of only one year). Because the new system is completely unusable there was absolutely no legitimate purpose to start this lockup at this time as a public system rather than just some fake-money test network. Once (if?) it becomes usable it will have the additional ultimate property of further enriching the beneficiaries of Ethereum's 72 million coin pre-mine, since those super large positions are effectively illiquid (can't sell more than a small share without crashing the price), its low risk for those parties to place large amounts in lockup. The concept of "proof of stake" has fundamental soundness problems which have not been addressed except by obscuring it with deceptive obfuscation and protecting it against peer review through sheer complexity. https://download.wpsoftware.net/bitcoin/pos.pdf https://download.wpsoftware.net/bitcoin/pos.pdf
CodesInChaos 6y ago
The idea has been around a long time, but making it work is really hard.
pjc50 6y ago
Does this "efforce" use proof of stake? Yes or no.