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Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument. Sure Bitcoin is expensiv
by robcohen 3y ago
Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument.
Sure Bitcoin is expensive energy-wise, but criticize Bitcoin for that not crypto.
- c-hendricks 3y agoLike proof of stake, which seems to just codify the bad parts of capitalism? > Critics have argued that the proof of stake will likely lead cryptocurrency blockchains being more centralized in comparison to proof of work as the system favors users who have a large amount of cryptocurrency, which in turn could lead to users who have a large amount of cryptocurrency having major influence on the management and direction for a crypto blockchain https://en.wikipedia.org/wiki/Proof_of_stake#Centralization https://en.wikipedia.org/wiki/Proof_of_stake#Centralization
- npoc 3y agoProof of work is pretty obsolete? Lol. What is money if it isn't proof of work?