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by robcohen 857 days ago
Lots of crypto tech doesn’t use this much energy. Proof of work is pretty obsolete by now, so it’s just no longer a relevant argument.

Sure Bitcoin is expensive energy-wise, but criticize Bitcoin for that not crypto.

2 comments

Like proof of stake, which seems to just codify the bad parts of capitalism?

> Critics have argued that the proof of stake will likely lead cryptocurrency blockchains being more centralized in comparison to proof of work as the system favors users who have a large amount of cryptocurrency, which in turn could lead to users who have a large amount of cryptocurrency having major influence on the management and direction for a crypto blockchain

https://en.wikipedia.org/wiki/Proof_of_stake#Centralization

Proof of work is pretty obsolete? Lol.

What is money if it isn't proof of work?