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A comment on Binance's books are a black box, filings show, as it tries to rally confidence. Parent comment

Re:Binance's books are a black box, filings show, as it trie... by mrep on Monday December 19, 2022 @10:14PM (#34061106)
Email is like a 100,000 times faster than snail mail. Proof of work is like 0-1,000,000 times more expensive due to duplicating work than a database.
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Re:Binance's books are a black box, filings show, as it trie... by hanniabu on Tuesday December 20, 2022 @10:59AM (#34067698)
You're comparing the end user to the one doing maintenance. Maintaining an email server is way more work than sending snail mail too.

For the end user sending a transaction is quicker and cheaper than getting your lawyers to draft contracts, maintaining your own books, paying an accountant or someone else to manage/balance the books, coordinating a deal/terms with them, etc.

Also there's Proof of Stake which is much more efficient than Proof of Work.

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