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A comment on Javier Milei Backtracks on $4.4B Memecoin After 'Insiders' Pocket $87M. Parent comment

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by digdugdirk on Sunday February 16, 2025 @07:40PM (#43073499)
Question for you - what are the most energy efficient crypto protocols that could serve as the underlying network for a distributed system? And have there been any studies that look at the total energy consumption of a system of any reasonable size using various crypto protocols?
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Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by EGreg on Sunday February 16, 2025 @07:57PM (#43073635)
Well, once you move beyond proof-of-work, the energy use drops 99%. It's not about energy, it's about bottlenecks. Blockchain has bottlenecks, and if you have one blockchain for all the apps, it's going to be either inefficient or centralized.

Back in 2017, I designed a system to avoid global consensus:

https://intercoin.org/technology.pdf

If you want to see a visual presentation that explains why we need to go beyond blockchains, then check this out:

https://intercoin.org/intercloud.pdf

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