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> “Proof-of-stake is like running an app on your MacBook,” he said. “It's like running Slack. It's like running Google Chrome or running Netflix. Obviously, you
by presentation 4y ago
> “Proof-of-stake is like running an app on your MacBook,” he said. “It's like running Slack. It's like running Google Chrome or running Netflix. Obviously, your MacBook plugs into the wall and uses electricity to run. But no one thinks about the environmental impact of running Slack, right?”
People do think about that. But definitely an improvement!
- valzam 4y agoIt's also completely untrue. Staking is unprofitable if you cannot guarantee uptime of your node. In fact Ethereum includes slashing for inactivity, so not only do you lose out on rewards if you shut of your MacBook, you run the risk of losing Ethereum. Unless of course you stake with a centralized pool, which defeats the whole purpose.
- hugocbp 4y agoI think that specific part is meant more to be read as "consume as much energy as an app running on your MacBook", not "you can stake your ETH in your notebook".
- SilasX 4y agoNo one with any influence thinks about that. Have you see the typical CPU/network overhead of an application compared to what it accomplishes? :-p
- presentation 4y agoPeople definitely think about it RE mobile apps and battery life. As well as just leaving electronics on all day vs at least sleeping them. But yea purely for energy cost of using apps, that’s pretty fringe.
- SilasX 4y agoI know at least one clear counterexample for mobile: MetaMask, a widely used crypto wallet app, noticeably drains battery while it's in use. Usually down 3% within a minute of opening, and it's been like that for a while.