Re:Proof of Stake or Proof of Work, What's the Difference?
by kiriakasis on Monday November 05, 2018 @07:30AM
(#18381770)
> Third, CO2 impact of cryptocurrencies is orders of magnitude lower than CO2 impact of fiat money and military structures required to assert their worth.
And how many orders of magnitude are cryptocurrencies smaller than fiat money?
Second, “let’s all agree I can be in charge of selecting which transactions to process because I have most money, which means I could have spent most energy” is circular system where security of money is paid for using same money.
Third, CO2 impact of cryptocurrencies is orders of magnitude lower than CO2 impact of fiat money and military structures required to assert their worth. Things don’t exist in a vacuum and you have to make the right comparisons.