Re:The future of cryptocurrency is at stake in Ethereum’s sw...
by TrainedMonkey on Tuesday September 06, 2022 @09:00PM
(#32745153)
Modern society is built upon shared beliefs. Dollar has value because people believe it to be so. People go to work because they believe dollar will have value in part because other people believe the same things. Comparison to circular logic is quite apt, but it applies to most of the modern wold.
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Re:The future of cryptocurrency is at stake in Ethereum’s sw...
by nthacker on Tuesday September 06, 2022 @09:11PM
(#32745233)
bitcoin doesnt suffer this because proof of work provides an independent method for verification. the energy utilization argument that comes up should be evaluated in the context of the comparison of this independent humanless verification vs proof-of-stake or other shared or trusted mechanisms