Hacker News new | ask | show | jobs
by asfgfsigninoi 1677 days ago
>But unlike say the eternal emacs/vim war, the divisions on this topic are entirely philosophical and about culture instead of technology.

What? My problem with "crypto assets" is that "blockchains" are outperformed by a System/360 while costing billions of dollars to run and drawing about the same power as all datacenters in the world put together. The fact that I like Star Trek is irrelevant.

2 comments

Indeed. Blockchain tech, at least in its PoW incarnation, seems like a negation of Moore's law. The same operations get slower and less efficient over time.
Every incarnation I've heard of is comparably slow. People claim to have ways to improve efficiency but I haven't heard of anything within three orders of magnitude of performance of the Windows 95 machine rusting in my garage.
The canonical way to get around the inevitable inefficiency of decentralization at scale is to quietly re-add centralization (ReFi?) and bury it under technical neologisms and benchmarks.

"Look how fast and innovative $cryptocurrency is! I totally didn't just reinvent a centralized payment settlement system."

This is specifically about NFTs, and not the general environmental problems with cryptocurrency, which exist, but are solvable with known technology.