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> "Oh, power consumption? Totally on our radar... what if we switch to Proof of Work? I think you meant "Proof of Stake". But yes, when Bitcoin hit the transa
by rstuart4133 4y ago
> "Oh, power consumption? Totally on our radar... what if we switch to Proof of Work?
I think you meant "Proof of Stake".
But yes, when Bitcoin hit the transaction limit years ago it's hard to understate just how much on the radar it was. Differences in opinion on how to solve it was the root cause of the Bitcoin Cash fork.
There are two solutions floating about now - proof of stake and Lightning. Being completely distributed Lightning is near infinitely scalable, to the extent that it may well end up being the cheapest global currency we have.
Thus crypto has made big leaps forwards on it's scaling issues. If your analogy is correct then AI will do the same. But if it follows the same pattern, it will take decades.