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by polotics
558 days ago
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You have to define what you mean by "useful"? Monero's fungibility is excellent, but the transactions-per-second ain't that great right? Also Proof of stake is inherently more sustainable in a resource-constrained world: you don't want to replace banks by something more wasteful thank banks... For my money's worth, and clearly talking my own book here, the decidedly zero-hype Algorand is the useful crypto at 20k TPS, this is the Visa/Mastercard territory where things get interesting. As for fungibility, it will have to be some democratically controlled thing I think... |
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You're also right that PoS is more sustainable than PoW, but I think this will change your mind: https://old.reddit.com/r/Monero/comments/lv5285/alt_take_on_... It did for me. Thankfully since the energy consumption does not scale with the transaction rate, it's not a long term problem I think. Currently, the high energy per transaction stats are only because the adoption is low.