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A comment on A16Z announces $4.5B fund for crypto and blockchain startups. Parent comment

Re:A16Z announces $4.5B fund for crypto and blockchain startups by dqpb on Wednesday May 25, 2022 @10:11AM (#31504768)
Take a look at Turing Award winner Silvio Micali's talk on the Algorand proof-of-stake protocol, and you will have a better understanding of why Bitcoin is needlessly wasteful:

https://youtu.be/NykZ-ZSKkxM

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Re:A16Z announces $4.5B fund for crypto and blockchain startups by mrkramer on Wednesday May 25, 2022 @10:31AM (#31505084)
So Satoshi didn't know what he, she or they were doing? Ethereum has proof of stake algorithm and we shall see how will it work in the long term.

Btw some people said me here on HN that PoS is the evolution of crypto coins but I think the original design and protocol of Bitcoin is still superior if done right. Just like TCP is still viable to this day although it is almost 50 years old.

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Re:A16Z announces $4.5B fund for crypto and blockchain startups by dqpb on Wednesday May 25, 2022 @12:03PM (#31506454)
Bitcoin launched the industry. But I think Algorand is a better technology.

The historicity of Satoshi/Bitcoin is not something I care about when evaluating the actual technical details.

[ Parent | on HN ]