this post was submitted on 07 Jul 2024
497 points (92.6% liked)
Memes
45727 readers
1647 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I mean, you can use other systems besides cryptographic proof-of-work to determine legitimacy of stakeholders of a blockchain. It doesn’t necessarily have to waste power.
That being said, none of the other alternatives are really viable either. Proof-of-stake? So the “richest” people on the chain control all the money? Sounds like we just reinvented the late-stage-capitalism we already have.