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Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e... by skybrian on Sunday May 16, 2021 @10:22PM (#27179472)
Holders of Bitcoin want to see the price go up, which makes the problem worse. So the primary incentive is very bad and that's how we got here.

More enlightened self-interest would be to want to see the price go up without using more electricity, but this is secondary to the primary incentive.

To get action from enlightened self-interest, there needs to be leadership for making changes. (Ethereum seems to have this?)

Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e... by atweiden on Sunday May 16, 2021 @10:35PM (#27179542)
> To get action from enlightened self-interest, there needs to be leadership for making changes. (Ethereum seems to have this?)

Knowledge preceedes enlightenment. For example, Git is also green-friendly, and shares a virtually identical consensus model to pure PoS consensus designs. It’s just that “green-friendliness” wasn’t a design goal of cryptocurrency — creating a lasting store of value sans institutions, exchangeable pseudonymously over the internet, was.

As it were, pure PoS consensus suffers from the misfeature of not even having a quantitative fork ranking protocol — i.e. it lacks a way to objectively compare the truthfulness of divergent blockchains [1]. In PoW networks, cumulative hashing power can be simply and easily mathematically compared to produce cold, quantitative consensus. In PoS networks, there is no hashing power, and human intervention is required — just like Git.

Which begs the question, why do PoS networks even need a blockchain? I think we all know the reason for that, though — Git doesn’t have a hype train. Git just isn’t good enough at separating the general public from their hard-earned money.

[1]: https://news.ycombinator.com/item?id=27144921

Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e... by skybrian on Monday May 17, 2021 @12:41AM (#27180101)
Saying "just use git" seems simplistic. But I could imagine a Debian-like organization that chooses a pool of trusted servers run by independent organizations in multiple countries, where they all have to agree, and with a full transparency log like DNS.
Re:Coin Carbon Cap – PoW cryptocurrencies ranked by energy e... by nine_k on Monday May 17, 2021 @03:21AM (#27180834)
Bitcoin is trustless, it is designed to withstand quite serious attempts at committing fraud (haha, a pun).

Git was designed for cooperative work, and critically depends on trust (commit access).

Merkle trees are easy, scalable schemes of trustless consensus, less so :(