deadbeef79000@lemmy.nz 2 days ago
This is a (valid) criticism of proof-of-work, not necessarily a criticism of a public ledger manifested in a block chain.
deadbeef79000@lemmy.nz 2 days ago
This is a (valid) criticism of proof-of-work, not necessarily a criticism of a public ledger manifested in a block chain.
Nouvellalia@lemmy.world 1 day ago
Being that the only other consensus mechanism so far has been “I has a lot of money”, I’ve not seen much out of this public ledger manifested in a block chain technology.
I love the idea of no longer having to ally with the biggest thug on the block, to be safe from the other thugs, but that never manifested. Bitcoin’s biggest problem isn’t scams, it’s that the same people who had all the money before, bought all the Bitcoin cheap, made USDT, and now run it all like USD without a pretense of being respectable, or having to build roads and hospitals.
Blockchain is like the financial version of being dragged to Epstein’s Island. Suddenly the banks are looking at me all funny and smiling. Then later I wake up, my wallet is loose, it hurts when I spend, and I cry and shake every time I get near anything bigger than 10TH/s.