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Re:Ethereum set to become first blockchain to settle $1T in ... by est31 on Friday October 23, 2020 @11:36AM (#24870588)
The energy it uses right now for full nodes and all the other infrastructure minus the energy it uses for the proof of work. If the proof of work is replaced by another proof mechanism, like proof of stake, it could be applauded.
Re:Ethereum set to become first blockchain to settle $1T in ... by wskinner on Friday October 23, 2020 @11:43AM (#24870694)
Why is that the right amount? Does proof of work have no value at all?
Re:Ethereum set to become first blockchain to settle $1T in ... by wmf on Friday October 23, 2020 @12:01PM (#24870898)
If PoW provides the same security level as PoS then the marginal value of PoW is indeed zero (or negative due to the energy waste).
Re:Ethereum set to become first blockchain to settle $1T in ... by wskinner on Friday October 23, 2020 @01:32PM (#24871840)
Very true. Is it the case that PoW provides the same security value as PoS?