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Re:Blockchain at Berkeley by akhosla on Saturday June 24, 2017 @05:53AM (#14625053)
Recommend you check out Proof-of-Stake. It solves the problem of power wastage. ;)
Re:Blockchain at Berkeley by rocqua on Saturday June 24, 2017 @10:52AM (#14625781)
That requires solving the 'nothing at stake' problem. I recall reading some proposed solutions, but they were complicated.

If anything is great about proof-of-work, it's how simple it is.

Re:Blockchain at Berkeley by Klathmon on Saturday June 24, 2017 @09:04AM (#14625446)
But many people (including those who are actively developing it) aren't even sure if Proof-of-Stake is even fully possible.

As far as I know there are still some pretty big holes in PoS that still need to be filled in.