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No his point is not about limitless energy or about off-chain transactions. It is about a proof-of-stake scheme like ETH2 where the blockchain is still immutab
by elif 6y ago
No his point is not about limitless energy or about off-chain transactions.
It is about a proof-of-stake scheme like ETH2 where the blockchain is still immutable, but due to a purely abstracted notion of "mining" which rather than electricity at all relies upon mechanisms where attempts to mutate the blockchain turn into pointless losses of money.
It is fully trustless, and I would argue even more trustless because it is accessible to all users, unlike mining.
- loceng 6y agoCan't such a blockchain structure exist where there's no transfer of wealth from weighted from the later adopters to the earlier adopters?