@[email protected] to Lemmy [email protected] • 1 year agoPlease Stopjlai.luimagemessage-square417fedilinkarrow-up11.38Karrow-down186
arrow-up11.3Karrow-down1imagePlease Stopjlai.lu@[email protected] to Lemmy [email protected] • 1 year agomessage-square417fedilink
minus-squareMentalEdgelinkfedilink35•edit-21 year agoWhile that is an inherent component of how proof-of-work cryptos work, and utterly stupid, it’s not an inherent part of how to do blockchains. You can have a blockchain without consuming stupid amounts of energy.
minus-square@[email protected]linkfedilink4•1 year agoThere aren’t a lot of distributed databases with no single owner and all writes are signed.
minus-square@[email protected]linkfedilink12•1 year agoYeah, but not having an owner is actually a fucking terrible thing for a banking system, how do you not grasp this?
minus-square@[email protected]linkfedilink-1•1 year agoNo owner is great for a banking system. It stops the owner printing money whenever they feel like it.
minus-square@[email protected]linkfedilink-4•1 year agoI do grasp it. I don’t really know what situation it makes sense for. It seems like a tool for cases where nobody can agree who should own the records of something so now everyone should.
minus-square@[email protected]linkfedilink-4•1 year agoexactly, you have others methods of proof-of-work
While that is an inherent component of how proof-of-work cryptos work, and utterly stupid, it’s not an inherent part of how to do blockchains.
You can have a blockchain without consuming stupid amounts of energy.
Yeah it’s called a database…
There aren’t a lot of distributed databases with no single owner and all writes are signed.
Yeah, but not having an owner is actually a fucking terrible thing for a banking system, how do you not grasp this?
No owner is great for a banking system. It stops the owner printing money whenever they feel like it.
Bruh
I do grasp it.
I don’t really know what situation it makes sense for. It seems like a tool for cases where nobody can agree who should own the records of something so now everyone should.
exactly, you have others methods of proof-of-work