Snowden Meets the IETF

Re:Snowden Meets the IETF by davidgerard on Wednesday July 22, 2015 @05:33PM (#9932459)

What we see in practice with all extant implementations of blockchains is increasing centralisation. Because computing hashes is the sort of computation whose efficiency per watt greatly increases with more and more specialised hardware. Thus the Bitcoin situation, where the promise of everyone being able to mine a few coins has become a small number of Chinese mining pools; altcoins do no better.

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Re:Snowden Meets the IETF by undefined0 on Wednesday July 22, 2015 @06:44PM (#9932848)

> altcoins do no better.

Most altcoins are Proof of Stake, where mining via computing hashes doesn't take place. "Blockchains" isn't limited to Proof of Work, you can even get non-PoS/PoW blockchains such as Hyperledger.

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Re:Snowden Meets the IETF by drdeca on Thursday July 23, 2015 @01:20AM (#9934118)

Wait, most?

Do you mean most that aren't autogenerated ones that stop being mined a few months in, or do you mean to include those?

I'm a bit surprised about "most" but if you mean "most that do something" then I could believe that, but I am still surprised.

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Re:Snowden Meets the IETF by davidgerard on Thursday July 23, 2015 @03:31AM (#9934456)

I thought "most" altcoins were simple Bitcoin or Litecoin clones with changed parameters. What sort of numbers are you estimating "most" from?

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