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It's not that - it's that a lot of us remember the time the bubble burst in 2000 and cryptocurrencies are in a very similar place right now. There are also a l
by radicalbyte 5y ago
It's not that - it's that a lot of us remember the time the bubble burst in 2000 and cryptocurrencies are in a very similar place right now.
There are also a lot of us who are strongly against Proof of Work because it is not only extremely inefficient, it is also extremely irresponsible in the face of Climate Change. PoS will solve that - but like nuclear fusion, it is always a year away.
- anaisbetts 5y agoYep, seconded. I would find cryptocurrency and NFTs merely amusing or maybe even interesting, if it weren't doing the environmental equivalent of dumping out N gallons of gasoline per transaction and setting it on fire
- 0x64 5y agoI agree about the energy use of PoW. On Ethereum, the PoS beacon chain has been live for almost a year now [1], with the merging of the PoW and PoS networks happening next year. We're now at the point where the specs for the merge transition are ready [2], clients are already being modified to target the release-spec [3], and the first long-lived testnet will go live by December. I'd personally expect the Merge to happen by May. [1] https://beaconcha.in https://beaconcha.in [2] https://github.com/ethereum/annotated-spec/blob/master/merge/beacon-chain.md https://github.com/ethereum/annotated-spec/blob/master/merge... [3] https://notes.ethereum.org/@djrtwo/kintsugi-milestones https://notes.ethereum.org/@djrtwo/kintsugi-milestones
- deleted 5y ago[deleted]