3 ms·
> That's not a comforting analogy. A decentralized world financial system with the transaction capacity double that of VISA consuming as much energy as a shopp
by xvector 5y ago
> That's not a comforting analogy.
A decentralized world financial system with the transaction capacity double that of VISA consuming as much energy as a shopping mall during peak load is perfectly fine. Our current financial system consumes more. It is literally a negligible cost.
> there will be little improvement in these figures for a damn long time
Some preliminary explorations have shown that it may be possible to adopt anonymity on a Nano-like protocol.
Regardless, it won’t be fixed for a long time but that doesn’t matter. I would support Tor if it used 60 Gwh, and so the same go for XMR. Both are essential in guarding people from censorship and authoritarianism.
> Of secondary importance to me but I'm really curious what you think these things are.
In terms of raw environmental impact? The factory farm industry. But, that’s another discussion entirely.
> if after 11 years there are still roadblocks to wider rollout, it's just rational to second-guess the approach.
Designing a decentralized exchange of currency is a hard problem to solve. 11 years doesn’t seem concerning to me with the improvements we have seen in the time span. Especially given that these projects are mostly developed by volunteers.
There are improvements to be made, mainly around usability. But, those can come later, when the networks and protocols have matured.