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What about proof of stake is not secure? I think it's clear that the electrical use of proof of work will become a serious issue if Bitcoin (or similar blockch
by Osiris 6y ago
What about proof of stake is not secure?
I think it's clear that the electrical use of proof of work will become a serious issue if Bitcoin (or similar blockchain) becomes widely adopted. Do you have a suggestion on how to address that issue, or do you believe it's a non-issue entirely?
- rfd4sgmk8u 6y agoIt is entirely an non-issue. Nobody has the right to say how others use energy. One can make an argument about transmission efficiency, and generation materials (and how renewable sources are more efficient), thus profitable for both the planet and the miner. But the actual use of energy? Get out of here. Tired arguments that I thought died years ago.
- whitepaint 6y ago> Nobody has the right to say how others use energy. Bitcoin will get destroyed eventually by the free markets because of how inferior it is to many alternatives. One being its usage of energy.
- rfd4sgmk8u 6y agoYou can believe that. I believe that existing, inferior stores of value like the USD and EURO will be destroyed by the alternative (Bitcoin). Energy usage is its biggest strength. Lets see who is correct in 10 years?
- whitepaint 6y agoI don't think US or EU will collapse within 10 years that's for sure.