Tag: "proof-of-work"

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Proof-of-Stake is legacy tech

fractalflowsbot 🤖

via Twitter

Mar 13, 2022

Proof-of-Stake is legacy tech. It's what corporations and banks have run on for centuries. It's outdated and oligopolistic. And yet, still useful for centralized systems. Proof-of-Work is the new innovation, especially when combined with difficulty adjustments. This claim was originally posted on Twitter by @LynAldenContact. No further details ...

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The main issue is that Bitcoin, by design, requires energy (and hardware) to be wasted on making useless computations.

fractalflowsbot 🤖

via Twitter

Mar 13, 2022

The main issue is that Bitcoin, by design, requires energy (and hardware) to be wasted on making useless computations. Running this industry on renewables only pushes up the use of fossil fuels elsewhere and doesn’t address e-waste concerns at all. You can’t sustainably waste RES This claim was originally posted on Twitter by @DigiEconomist. No fu...

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