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I hadn’t really sat down and thought how much more complicated ETH 2.0 is than Bitcoin so that was interesting. I don’t think that the Concord metaphor is very
by porknubbins 6y ago
I hadn’t really sat down and thought how much more complicated ETH 2.0 is than Bitcoin so that was interesting. I don’t think that the Concord metaphor is very meaningful though. Isn’t supersonic flight hard and inconvenient for real world physics and engineering reasons while cryptocurrency relies on CS/ math developments but if those problems are solved there is no reason to think the solution will remain impractical. Crypto won’t burn excess fuel or make sonic booms.
- RockyMcNuts 6y agoThe Concorde never burned as much fuel as a small country. You could argue that crypto will always have to burn a lot of fuel (electricity) because it needs to be bound to a computationally hard problem to be secure. https://www.statista.com/statistics/881472/worldwide-bitcoin-energy-consumption/ https://www.statista.com/statistics/881472/worldwide-bitcoin...
- ThalesX 6y agoYou just gave me a small glimpse of a world where the electricity goes down some evenings because Megacorp X’s DApp is peaking usage.
- CryptoPunk 6y agoEthereum is transitioning fully to Proof of Stake, which will eliminate the need to consume massive amounts of energy to arrive at consensus.