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> Now at some point there is a market incentive to develop mining techniques that optimize for less energy consumption above all else. There is already a marke
by Jyaif 5y ago
> Now at some point there is a market incentive to develop mining techniques that optimize for less energy consumption above all else.
There is already a market incentive for that (electricity is not free), and there is already a solution to this (proof of stake). Please stop advocating and using proof of work shitcoins.
- thesz 5y agoProof of stake leads to "rich gets richer" situation [1]. Proof of work is much more fair, it appears. [1] https://arxiv.org/pdf/2103.14713.pdf https://arxiv.org/pdf/2103.14713.pdf This particular paper shows that every proof-of-stake variant is fallible into the "rich get richer". That means these PoS schemes do look like shitcoins, not the other way around. Given that and given that I do not like Biticoin in any of its capacities (PoW is not even the most wrong thing with btc), I would like to advise everyone to hate all cryptocurrencies equally strong.