Re:Systems built on trust, norms, and institutions function ...
by mido22 on Friday April 06, 2018 @02:04PM
(#16775647)
FYI: when you talk about GPU/mining/energy, you are talking about Proof of Work (pow) and not blockchain. You can look up about Proof of Stake among other ways for consensus
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Re:Systems built on trust, norms, and institutions function ...
by aalleavitch on Friday April 06, 2018 @02:10PM
(#16775731)
Even just the concept of the blockchain itself is based on a massively inefficient use of resources to have a public ledger that can't be tampered with. This wouldn't be an issue at all if people just didn't have incentives to tamper with it!
Re:Systems built on trust, norms, and institutions function ...
by dorgo on Friday April 06, 2018 @05:20PM
(#16777558)
>This wouldn't be an issue at all if people just didn't have incentives to tamper with it!
:O, the only possibility for that which comes to my mind is a world in which everybody is infinetly rich?
Re:Systems built on trust, norms, and institutions function ...
by webmaven on Saturday April 07, 2018 @08:52AM
(#16780510)
Even that would only address financial incentives (and just the rational ones, at that). There are - unfortunately - others.
Re:Systems built on trust, norms, and institutions function ...
by aalleavitch on Friday April 06, 2018 @06:17PM
(#16777997)
Compared to any point in the human past, this is already largely the case in many countries. The problem is that it has been uneven.
Re:Systems built on trust, norms, and institutions function ...
by mkirklions on Friday April 06, 2018 @02:12PM
(#16775763)
Lets see proof of work be used for 9+ years and millions of people.
I worry about russian hackers(spamming) stakes or pulling off attacks.
It took me long enough to believe that BTC wasnt going to break.
Re:Systems built on trust, norms, and institutions function ...
by mido22 on Friday April 06, 2018 @02:06PM
(#16775679)
While you are at it, you can also read up about "triple ledger accounting"
Re:Systems built on trust, norms, and institutions function ...
by mkirklions on Friday April 06, 2018 @02:15PM
(#16775790)
I looked this up, what is your point(if you dont mind)?
It seems like a feature with ~0 benefits. Can you explain?