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If blockchain is worthy of it's proponents claims, it should be possible to establish a cryptocurrency which incorporates a blockchain for trading renewable ene
by monkeycantype 6y ago
If blockchain is worthy of it's proponents claims, it should be possible to establish a cryptocurrency which incorporates a blockchain for trading renewable energy where mining consumes the renewable energy coins at a consensus rate.
- cies 6y agoProof of Stake fixes blockchain's energy problem. It's already fixed. See Cardano and Polkadot.
- WalterSear 6y agoDoesn't solve the problem. Bitcoin isn't going anywhere.
- monkeycantype 6y agoexcluding lost keys, there's close to a trillion in personal incentives for the invested to solve bitcoin's problems, Paul Keating used to say 'always back self-interest — at least you know it's trying'. Even if POS doesn't replace POW, I'm curious whether the combination of POS and game theory does, in that breaking POS becomes incredibly expensive, because breaking the system would destroy the value of the stake.