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A comment on I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To. Parent comment

Re:I Looked into 34 Top Real-World Blockchain Projects So Yo... by simonw on Monday August 01, 2022 @03:53PM (#32311234)
Because if it's a widespread trend affecting real people then it's interesting to me. If it's a small group of bitcoin nerds doing what bitcoin nerds do but in another country then it's not.

I want to see evidence that the benefits of blockchains etc are outweighing the very obvious harms they are causing.

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Re:I Looked into 34 Top Real-World Blockchain Projects So Yo... by RestlessMind on Tuesday August 02, 2022 @12:17AM (#32315030)
What are the "very obvious" harms?

A genuine one I am concerned about is the energy consumption of Proof of Work chains. But the tide is shifting towards Proof of Stake, with Ethereum network achieving 2 significant milestones towards that recently (Ropsten, Sepolia) and a third penultimate one (Goerli) planned in the week of Aug 6th. So the main chain's transition towards Proof of Stake is likely to happen in September and Ethereum's energy consumption drops 99% or even more.

Other purported disadvantages (gambling, sucking in capital and brains etc etc) are totally non-obvious and highly debatable.

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