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Musk's digital dart board... funny! My crypto investing strategy is mainly to only look at assets that are not based on proof-of-work. Electricity consumption
by gigama 5y ago
Musk's digital dart board... funny!
My crypto investing strategy is mainly to only look at assets that are not based on proof-of-work. Electricity consumption is only one aspect, all the hardware built to do nothing but search sha256 hashes seems equally wasteful.
I prefer the idea of proof-of-stake and smart contracts as a less volatile, long-term investment. My 2 cents.
- wowok 5y agoWell said. Pros and cons both ways, but I suspect proof-of-stake or a similar consensus protocol will win out in the end. Though in the spirit of decentralization, it can't hurt to have a variety of competing consensus protocols across the crypto ecosystem.