Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agoOver 2 percent of the US’s electricity generation now goes to bitcoinarstechnica.comexternal-linkmessage-square145fedilinkarrow-up1420arrow-down130cross-posted to: news@hexbear.nettechnology@lemmy.worldhackernews@lemmy.smeargle.fanscyberpunktech@kbin.social
arrow-up1390arrow-down1external-linkOver 2 percent of the US’s electricity generation now goes to bitcoinarstechnica.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agomessage-square145fedilinkcross-posted to: news@hexbear.nettechnology@lemmy.worldhackernews@lemmy.smeargle.fanscyberpunktech@kbin.social
minus-squarealienanimals@lemmy.worldlinkfedilinkarrow-up18arrow-down9·edit-210 months agoPOW has been out of date for years. POS solves these problems, but that would take an informed person to realize which seems to be in short supply.
minus-squareundercrust@lemmy.calinkfedilinkarrow-up17arrow-down4·10 months agoDoesn’t proof-of-stake boil down to “if you’re hoarding a billion dollars, you’re inherently more trustworthy”?
minus-squareKage520@lemmy.worldlinkfedilinkarrow-up4arrow-down7·10 months agoIt boils down to, “here let me hold your money and if you do anything to scam the system, I get to keep it.”
minus-squaredeadlyduplicate@lemmy.worldlinkfedilinkarrow-up2arrow-down9·10 months agoYes… some with billions of dollars in a crypto has a billion more reasons to want the network secured.
minus-squareundercrust@lemmy.calinkfedilinkarrow-up10arrow-down2·10 months agoYes, I can’t predict any problems that might be caused in a “right by might” monetary system. /s
minus-squaredeadlyduplicate@lemmy.worldlinkfedilinkarrow-up3arrow-down4·10 months agoAs opposed to a currency issued and secured by a central bank?
minus-squarewildginger@lemmy.myserv.onelinkfedilinkarrow-up4arrow-down11·10 months agoComplaining about downvotes is essentially begging for them. They arent a big deal, quit counting them. No one else cares, dont put so much stake in an internet number
POW has been out of date for years. POS solves these problems, but that would take an informed person to realize which seems to be in short supply.
Doesn’t proof-of-stake boil down to “if you’re hoarding a billion dollars, you’re inherently more trustworthy”?
It boils down to, “here let me hold your money and if you do anything to scam the system, I get to keep it.”
Yes… some with billions of dollars in a crypto has a billion more reasons to want the network secured.
Yes, I can’t predict any problems that might be caused in a “right by might” monetary system. /s
As opposed to a currency issued and secured by a central bank?
Complaining about downvotes is essentially begging for them.
They arent a big deal, quit counting them. No one else cares, dont put so much stake in an internet number