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I don't see why people would bet the future on something that is thermodynamically doomed.
by adammunich 5y ago
I don't see why people would bet the future on something that is thermodynamically doomed.
- block_dagger 5y agoAccording to Satoshi, dependence on thermodynamics is a feature to prevent centralization.
- yosito 5y ago> dependence on thermodynamics is a feature to prevent centralization Never underestimate humanity's willingness to destroy itself in the quest for wealth and power.
- raverbashing 5y agoDoesn't seem to be working so fine now, is it? Also I wouldn't put behind well financed groups that hire PhDs to find a way to accelerate the PoW enough to gain a significant advantage (as in, ability to centralize the blockchain).
- Kbelicius 5y ago> accelerate the PoW That wouldn't do anything to energy consumption. It would just increase the hash rate.
- raverbashing 5y agoThe group with access to that technology would be able to centralize hashing.
- yifanl 5y agoThe funny thing is that even if you found some magical hardware that was 100x more efficient than the next best thing, the incentives make it so that you don't want to use 0.01X energy to produce Y hashes and mine the same proportion of coins, you'd want to use X energy to produce 100Y hashes so you mine a larger proportion of coins.
- reedf1 5y agoI mean humanity is inevitably thermodynamically doomed. So is the universe.
- EvilEy3 5y agoBecause it's all a scam to make fast and easy money.