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by sword_smith 1491 days ago
Many share the conviction that proof of work mining is a relic of the past, that the future of blockchain lies with its competitor, proof of stake. I attempt to rebuke some of the criticism that proof of work faces and argue why it is here to stay.
1 comments
arcticbull 1491 days ago
They're both bad, and they both have their own problems.

You know what solves it? Trust and a legal system. Time to throw this failed experiment into the dumpster and move on.

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sword_smith 1491 days ago
The current US inflation rate is 8.5 %. In Argentina its 55.1 %. Since the founding of the Federal Reserve in 1913, the dollar has lost 97-98 % of its value. How's that trust working out for you?
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