• Hirom@beehaw.org
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    9 months ago

    That’s unfortunate for people using it, but a good thing in the long run.

    Cryptocurrencies that use proof-of-work, and haven’t already migrated to less resource-intensive schemes, are doing more harm than good.

    • lltnskyc@monero.town
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      9 months ago

      less resource-intensive schemes

      Tell us about the options.

      And I sure hope you are not talking about “less resource-intensive schemes” that are based on “let’s give money to people who have the most money” thus making the cryptocurrencies that use it not only unfair but also even more centralized than bitcoin with its ASICs, right?

      • Hirom@beehaw.org
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        9 months ago

        Tell us about the options.

        Literally anything but proof of work: taler, proof of stake, proof of weight, fiat currency, gold coins, pokemon cards…

        These all have advantages and disadvantages, it depends on what users prioritize: polluting less, privacy, decentralisation, convenience, …

        • lltnskyc@monero.town
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          9 months ago

          proof of stake

          well, already addressed that in my comment :)

          proof of weight

          seems to be mostly the same thing as PoS.

    • jet@hackertalks.com
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      9 months ago

      Okay. I’m open to other options. What fungible, distributed, seizure resistant , digital money system do you recommend that doesn’t use proof of work?

      Please cite a specific actionable example I can do research on and compare to monero.