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At least the broader crypto ecosystem mostly moved over to proof-of-stake, even if Bitcoin will probably always be proof-of-work, so at least most of their Ponz
by jsheard 2y ago
At least the broader crypto ecosystem mostly moved over to proof-of-stake, even if Bitcoin will probably always be proof-of-work, so at least most of their Ponzi schemes aren't boiling the oceans in the process anymore. Small victories.
- pants2 2y agoBitcoin can't always be proof-of-work. Given the capped supply, the mining rewards will eventually diminish to the point that the network is no longer secure. It will have to transition to proof-of-stake or some other mechanism long before that happens.
- tromp 2y agoIt intends to rely on fees, i.e. to have a constant backlog of high fee paying transactions. We'll see how that plays out within a few decades as the block subsidy becomes insignificant.
- rvz 2y agoWe are still waiting for AI (Deep Learning) to do the same and move to efficient alternatives without incinerating the environment and consuming the oceans to cool their GPUs whilst training and doing inference on their AI models. So many years, yet no practical efficient solutions currently in production to reduce the emissions AI is producing. Much more urgent than crypto since that already has largely moved to proof-of-stake.