Why blockchain is not yet working (2018)

Re:Why blockchain is not yet working (2018) by lima on Sunday February 14, 2021 @05:38AM (#26131163)

Everyone (except Bitcoin) agree that Proof of Stake is the way to move forward. Even Ethereum is migrating to pure PoS consensus.

This solves the environmental aspect, thankfully.

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Re:Why blockchain is not yet working (2018) by tromp on Sunday February 14, 2021 @05:52AM (#26131227)

Hundreds of PoW altcoins disagree. PoS is not a coin distribution method either.

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Re:Why blockchain is not yet working (2018) by lima on Sunday February 14, 2021 @05:59AM (#26131280)

Hundreds of PoW altcoins are doomed: https://www.crypto51.app

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Re:Why blockchain is not yet working (2018) by tromp on Sunday February 14, 2021 @09:49AM (#26132829)

Most PoW coins that have been 51% attacked go on merrily with little to no price suppression. The worst effect is much longer deposit confirmation times on exchanges.

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Re:Why blockchain is not yet working (2018) by Ekaros on Sunday February 14, 2021 @06:06AM (#26131319)

How many of these hundreds of PoW altcoins are used for making payments for real products and services? Let's say single transaction a day over reasonable period?

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