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Joined 1 year ago
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Cake day: August 8th, 2023

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  • 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.


  • And who would the largest nodes on that blockchain be? The banks? Who could say and do whatever they conspired since they command >50% of the computing power and/or value?

    The average person isn’t going to build a fucking blockchain node just to keep the deed to their house.

    “Grandma, please you need to fill your basement with these ASICs or else script kiddies will steal your house”