this post was submitted on 27 Apr 2021
62 points (94.3% liked)

Technology

35521 readers
658 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 3 years ago (5 children)

Wouldn't Proof of stake take care of some of these concerns around energy conservation?

[–] [email protected] 3 points 3 years ago (2 children)

Proof of stake is pretty much what people wanted to get away from in regards to traditional currencies where the rich (and their banks) control the currency in an oligopoly.

[–] [email protected] 2 points 3 years ago (1 children)

Ahh ok that's interesting. BTC is proof of work and is demonstrating today how it can become monopolized, see the mining groups in China. so only the da big boys get the next chain reward. Proof of stake at least you are rewarded proportional to what you put in.

[–] [email protected] 1 points 3 years ago

You are talking about staking in pools, absolutely same with mining in pools, you will get proportional reward.

load more comments (2 replies)