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Exactly, hn is stuck on fossil fuel cryptocurrencies and doesn’t seem to understand that all new tech in the last 5 years hasn’t used proof of work.
by baby 5y ago
Exactly, hn is stuck on fossil fuel cryptocurrencies and doesn’t seem to understand that all new tech in the last 5 years hasn’t used proof of work.
- wmf 5y agoOver 50% of the crypto market is PoW. It's not just HN that isn't adopting the new tech.
- baby 5y agoThis is true, but things are changing. If you look at the top coins: - #2 ethereum is moving to PoS - #3 binance is PoS (tendermint) - #4 cardano is PoS (ouroboros) - #6 tether is a token - #7 XRP is BFT-based (I think PoA?) - etc. Basically there's only Bitcoin, Dogecoin (lol), and Bitcoin Cash in the top 10 that are still proof of work. If you look at the top 50 it's even more biased towards non-proof of work.
- Nursie 5y ago> ethereum is moving to PoS "Any day now" for the last several years.
- Geee 5y agoThat's because it's difficult to compete with Bitcoin on proof-of-work. Instead, they have to cut corners and create unsecure PoS money from thin air. There are new PoW cryptocurrencies such as Grin (https://grin.mw https://grin.mw)
- baby 5y agoHow is that insecure?