Re:Ethereum will use around 99.95% less energy post merge
by nanidin on Tuesday May 18, 2021 @12:10PM
(#27196698)
I’ve thought through this over the last few days and I don’t think it’s viable unless all countries enact the ban at the same time. Imagine country A bans trade or mining of PoW coins - that puts the citizens of country A at a disadvantage to citizens of other countries, and encourages holders of PoW coins in country A to exfiltrate wealth and capital from country A.
You end up needing to solve the same type of problem that PoW solves in order to enact a PoW ban simultaneously across all countries - how can all parties trust that every other party is being honest and will follow through (Byzantine Generals problem)?
You end up needing to solve the same type of problem that PoW solves in order to enact a PoW ban simultaneously across all countries - how can all parties trust that every other party is being honest and will follow through (Byzantine Generals problem)?