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-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?
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?