4 ms·
"Now, imagine that you lose your password to that really cool computer. Everything belonging to you is lost forever! Neat huh!" "Also, imagine that this rea
by Ensorceled 5y ago
"Now, imagine that you lose your password to that really cool computer. Everything belonging to you is lost forever! Neat huh!"
"Also, imagine that this really cool computer might be one of the ones that uses more electricity than some countries! Really, really neat!"
- dbmikus 5y agoSocial recovery wallets address the first objection. Proof of Stake reduces blockchain energy consumption by a lot. I've seen people quoting that a proof of stake block production consumes about as much energy as a Google search.
- kayamon 5y agoHave you heard of "insurance"? If you lose money you can get it back.
- rytill 5y agoLogistically I always wondered about this. How can you prove that you really lost access to the money if you forget your password, or it’s stolen?
- Ensorceled 5y agoIt’s illogical impossibilities all the way down.
- baby 5y agoSorry but what electricity consumption? Have you read the post? Only old technology does that