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Until you realize the largest two cryptocurrencies are still using POW. Also, let me guess, who has stakes in this Algorand thing you mentioned.
by SCLeo 5y ago
Until you realize the largest two cryptocurrencies are still using POW. Also, let me guess, who has stakes in this Algorand thing you mentioned.
- dns_snek 5y agoNot everything needs to happen immediately, Proof of Work isn't some existential threat to human kind and Ethereum is already moving to PoS. It's still early days for blockchain/crypto world. Alarmist comments don't really add anything to the discussion.
- SCLeo 5y agoI am willing to bet in 5 years time, the largest crypto currency will still be BTC and it will still be POW.
- dns_snek 5y agoMaybe, maybe not. If you're worried about the climate change impact, you can start now by charging additional taxes on all energy consumption. Why should cryptocurrency be singled out? Just because some people dislike it? We haven't done much about climate change and the big pollutants in decades, but as soon as cryptocurrencies come up, it's suddenly treated as an existential threat to human kind - I don't buy it.
- timeon 5y ago> Maybe, maybe not. If we are talking about climate change, time is quickly running out. So talking about wishful thinking while reality is actually other way around does not seems to be helpful.
- dns_snek 5y agoCan you quantify the impact on climate change that PoW is going to have if we don't act against it immediately?