4 ms·
That isn't an easy fix though, unless you can find some other way to replace the unique advantages that Bitcoin is providing to users. This is like saying "kil
by shawnz 6y ago
That isn't an easy fix though, unless you can find some other way to replace the unique advantages that Bitcoin is providing to users.
This is like saying "killing combustion engines is an easy fix: Just don't drive!"
- zaarn 6y agoThe fix is to use alternative consensus mechanisms like PoS. It's not "killing combustion engines is an easy fix: Just don't drive" it's "killing combustion engines is an easy fix: Use more efficient types of engines such as electric or sterling motors".
- shawnz 6y agoI can agree with you that PoS is the most promising fix, but even still I don't think it's an easy fix just because the technology exists. For example electric engines are an easy fix technically, but there are still lots of political and practical barriers that need to be solved before they can achieve widespread adoption. It will take time for the market to build the same level of trust in PoS systems that they have in PoW systems.