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Why blame web3? Proof of work (Bitcoin specifically) is the entity pouring lighter fluid on the planet. Bitcoin isn't even part of web3. If we want to realisti
by pshc 5y ago
Why blame web3? Proof of work (Bitcoin specifically) is the entity pouring lighter fluid on the planet. Bitcoin isn't even part of web3.
If we want to realistically reduce CO2 emissions by cryptocurrencies, displacing Bitcoin and other proof-of-work chains is step one. Thankfully this seems to be happening. Check out any chart of BTC-ETH. With power-efficient proof of stake coming next year I'm hoping we can reduce the incentives for anyone who's thinking about starting up a coal power plant.
- ShamelessC 5y agoProof of stake simply won't work without some sort of proof-of-work coin backing it. I'm sure the Ethereum people would love for you to believe otherwise - but there's a reason they keep punting to "one more year"; they can't do it.
- pshc 5y agoThe beacon chain has been operational for a year now. Progress is slow and steady.