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-square94fedilinkarrow-up1424arrow-down132cross-posted to: technology@lemmy.worldhackernews@lemmy.smeargle.fanscyberpunk@lemmy.ml
arrow-up1392arrow-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-square94fedilinkcross-posted to: technology@lemmy.worldhackernews@lemmy.smeargle.fanscyberpunk@lemmy.ml
minus-squarevrighter@discuss.tchncs.delinkfedilinkarrow-up1·10 months agoit is now provably not secure. Because pos is provably not objective. Making the whole thing moot. Also, it is literally a system explicitly designed around “the rich get richer”.
minus-squarezergtoshi@lemmy.worldlinkfedilinkarrow-up0·10 months agoSecurity is relative - always! Can you name one consensus scheme that isn’t?
minus-squarevrighter@discuss.tchncs.delinkfedilinkarrow-up1·10 months agoproof of work is objective. It sucks for other reasons, but I do not need to trust anyone to start participating.
it is now provably not secure. Because pos is provably not objective. Making the whole thing moot. Also, it is literally a system explicitly designed around “the rich get richer”.
Security is relative - always!
Can you name one consensus scheme that isn’t?
proof of work is objective. It sucks for other reasons, but I do not need to trust anyone to start participating.