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A comment on CPB director: The Netherlands must ban Bitcoin and other cryptocurrencies. Parent comment

Re:CPB director: The Netherlands must ban Bitcoin and other ... by axelroze on Friday June 11, 2021 @04:38AM (#27470753)
One energy-efficient approach is the one used by the Pi network: - https://minepi.com/

The whitepaper is pretty detailed about how they avoid the proof of work and the energy waste associated: - https://minepi.com/white-paper

If cryptos really make it in their ideological goal of a truly free capitalistic society, something like Pi which can be mined by everyone will have to win out over Bitcoin which can be "produced" only by already rich.

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Re:CPB director: The Netherlands must ban Bitcoin and other ... by tromp on Friday June 11, 2021 @05:31AM (#27471056)
I have little faith in a coin that claims in its whitepaper "Pi creates a fixed supply of Pi for each person that joins the network up to the first 100 Million participants" without so much as mentioning Sybil attacks.
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Re:CPB director: The Netherlands must ban Bitcoin and other ... by pcthrowaway on Friday June 11, 2021 @05:23AM (#27471017)
Based on some quick reading, Pi is a scam. There is no blockchain or 'mining' happening, they instead get you to watch ads on your phone every so often.

There are real, blockchain-based cryptocurrencies which are much more energy efficient than proof of work. Cardano currently being the biggest one by market cap. It's still a relatively 'new' space, but I hate seeing it crowded by so many scam products.

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