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hopefully more ocuntries will follow so that we finally get rid of POW
by lousken 5y ago
hopefully more ocuntries will follow so that we finally get rid of POW
- plebianRube 5y agoI for one, only like money that there is no proof it was worked for.
- bitxbitxbitcoin 5y agoIf every country in the world AND the UN "banned" cryptocurrencies, there would still be POW.
- rspeele 5y agoIt's all about how much work the reward pays for. At current Bitcoin prices of around $43k, the block reward pays miners $14,125,500,000/year to spin ASICs all day. That kind of money buys a lot of wasted power. If PoW is still around, but the price dumps low enough that miners are only burning, say, $1,000,000 a year worth of power, that'd be a great improvement.
- thehappypm 5y agoSure, but if no American, Canadian, European, Chinese, Japanese, etc person is willing to use it, then what's the point?