ElCanut@jlai.lu to Lemmy Shitpost@lemmy.world · 8 months agoPlease Stopjlai.luimagemessage-square427fedilinkarrow-up11.37Karrow-down186
arrow-up11.28Karrow-down1imagePlease Stopjlai.luElCanut@jlai.lu to Lemmy Shitpost@lemmy.world · 8 months agomessage-square427fedilink
minus-squareMentalEdge@sopuli.xyzlinkfedilinkarrow-up43arrow-down10·edit-28 months 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-squarekameecoding@lemmy.worldlinkfedilinkarrow-up35arrow-down9·8 months agoYeah it’s called a database…
minus-squarewise_pancake@lemmy.calinkfedilinkarrow-up8arrow-down5·8 months agoThere aren’t a lot of distributed databases with no single owner and all writes are signed.
minus-squarekameecoding@lemmy.worldlinkfedilinkarrow-up18arrow-down7·8 months agoYeah, but not having an owner is actually a fucking terrible thing for a banking system, how do you not grasp this?
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up4arrow-down5·8 months agoNo owner is great for a banking system. It stops the owner printing money whenever they feel like it.
minus-squarewise_pancake@lemmy.calinkfedilinkarrow-up1arrow-down5·8 months 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-squareVilian@lemmy.calinkfedilinkarrow-up1arrow-down5·8 months 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