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by TeMPOraL 3053 days ago
Cat videos and daytime television waste less power while providing much more value.

Ultimately cryptocurrencies have some value offering, but it's of dubious utility, because you can get 99% there with a little bit of trust, and then you don't have to pay this humongous upkeep in electricity.

Popularity of cryptocurrencies is almost entirely driven by greed, so it obscures the actual value of blockchain tech.

1 comments

Keep it in mind that Proof of Work is necessary for this initial world of decentralized trust to be created, but after that, it is not necessary. Nearly all the other cryptocurrencies can bootstrap themselves using bitcoin and following Proof of Stake or some other non-PoW algorithm.

Even if Bitcoin dies, we still don't need to bring PoW again.