Re:Blackouts have hit Iran. The government is blaming Bitcoi...
by rglullis on Monday January 18, 2021 @02:30PM
(#25825551)
I agree that Tether is a terrible thing to the whole ecosystem. Their market manipulation makes it that no one can actually be sure of BTC's price and consequentially most crypto assets. They effectively turned themselves into all of crypto's central bank, which is exactly the kind of thing that crypto/blockchain technology to eliminate.
But we are talking here about the technical issues regarding crypto.
PoW is just too costly and damaging to the environment, the fact that most of the miners are located in areas where they can get subsidized, cheap and dirty energy makes it all the more concerning. PoS should help here.
The ability of the network to scale is still a problem. ETH2 + layer 2 solutions (combined) should also solve a lot of these issues.
What I'd like to know is what are the technical issues that is still going to be used as an excuse for people to be against it.
But we are talking here about the technical issues regarding crypto.
PoW is just too costly and damaging to the environment, the fact that most of the miners are located in areas where they can get subsidized, cheap and dirty energy makes it all the more concerning. PoS should help here.
The ability of the network to scale is still a problem. ETH2 + layer 2 solutions (combined) should also solve a lot of these issues.
What I'd like to know is what are the technical issues that is still going to be used as an excuse for people to be against it.