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> No doubt others will say their own favourite blockchain is more efficient and is the future of Web3. But all blockchains are much more inefficient than litera
by iamnotarobotman 5y ago
> No doubt others will say their own favourite blockchain is more efficient and is the future of Web3. But all blockchains are much more inefficient than literally any alternative. For example, ethereum...
Please attack and critique the 'alleged' state of the art blockchains of today that don't use PoW.
Once again, only attacking the easiest examples in the blockchain industry (which use PoW). Everyone knows that Bitcoin, and Ethereum are both destroying the planet. Not all cryptocurrencies are the same as those two and many do not use PoW today.
It's very easy to criticise the environmental impacts of the first commercial petrol car and use that as an argument to say that all cars should not be used or that cars will not change the world, since petrol cars are more hostile to the environment.
The author is doing the same thing, but generalising and bundling all cryptocurrencies having the same environmental negatives as PoW cryptocurrencies (Including Bitcoin, and Ethereum).
- randomhodler84 5y agoNo, PoW is not destroying the planet. Bitcoin uses less energy than pet food production. Pets are destroying the planet! It’s not some “upgrade” to PoS. It’s a huge downgrade in security of your coin. I think a combination of PoS and PoW chains, with PoW being a base layer in public chains, with PoS chains anchoring commitments. Only when the probabilistic finality from PoW commits this, the house of cards political game that is PoS txs become final. PoS is fakery. Human failings. Everything of value in this universe takes work.