this post was submitted on 11 Mar 2025
1737 points (98.8% liked)
memes
13069 readers
3552 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
A collection of some classic Lemmy memes for your enjoyment
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Like, crypto in general sucks, but digital anonymous money transfer is almost impossible without it.
The underlying tech is actually very cool and neat, unfortunately it got co-opted by cryptobros and bastardized :(
So energy intensive though. There has to be a less wasteful way to do proof of work
Most of the 2nd and 3rd generation blockchains are much less energy intensive (although still more than a home PC).
For example, Ethereum could be run on the energy equivalent of a single wind turbine.
Iirc etherium is proof of stake
Correct. Proof of stake is much more efficient than proof of work, but electricity is still needed to run 24/7 the million validators securing the network.
Ethereum's been proof-of-stake rather than proof-of-work for couple of years now, so it's no longer energy intensive.
There inherently can't be a way to make proof of work lies wasteful as long as there are people who want to do the work. If you make hardware more, then it makes it cheaper to do the same amount of work, so people buy more hardware and do more work and more power gets used. If you make hardware less efficient, people just use the old hardware. You have to abandon proof of work altogether and switch it to something else that isn't inherently tied to energy usage.
I was hoping the work could be to solve protein folding or something.
But I guess that's not how the 'crypto' part could ever work.
Check out gridcoin. They tried tying that to science projects.
You took the words right out of my mouth! I think the blockchain is a very neat technology, but cryptobros completely ruined that.