cryptocurrency

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[ask fedi] Why do people hate crytocurrency? (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

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Considering recent incidents on Mozilla and Ubisoft, why do people hate cryptocurrency so much?

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

How is proof of stake as wasteful as proof of work? The main issue is electricity / energy use that scales up as the network does with proof of work systems, because validating transactions require intensive CPU work.

[–] [email protected] 0 points 3 years ago (1 children)

I said "proof of time/space" is nearly as wasteful, see Filecoin.

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

ohh my bad, I hadn't even heard of that lol. I'll check it out.