ElCanut to Lemmy Shitpost@lemmy.world · 9 months agoPlease Stopimagemessage-square420fedilinkarrow-up11.38Karrow-down146
arrow-up11.34Karrow-down1imagePlease StopElCanut to Lemmy Shitpost@lemmy.world · 9 months agomessage-square420fedilink
minus-squareMentalEdge@sopuli.xyzlinkfedilinkarrow-up44arrow-down1·edit-29 months agoWhile that is an inherent component of how proof-of-work cryptos work, and utterly stupid, it’s not an inherent part of how to do blockchains. You can have a blockchain without consuming stupid amounts of energy.
minus-squarekameecoding@lemmy.worldlinkfedilinkarrow-up35arrow-down4·9 months agoYeah it’s called a database…
minus-squarewise_pancake@lemmy.calinkfedilinkarrow-up9arrow-down2·9 months agoThere aren’t a lot of distributed databases with no single owner and all writes are signed.
minus-squarekameecoding@lemmy.worldlinkfedilinkarrow-up19arrow-down2·9 months agoYeah, but not having an owner is actually a fucking terrible thing for a banking system, how do you not grasp this?
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up4arrow-down2·9 months agoNo owner is great for a banking system. It stops the owner printing money whenever they feel like it.
minus-squarewise_pancake@lemmy.calinkfedilinkarrow-up1arrow-down2·9 months agoI do grasp it. I don’t really know what situation it makes sense for. It seems like a tool for cases where nobody can agree who should own the records of something so now everyone should.
minus-squareVilian@lemmy.calinkfedilinkarrow-up1·9 months agoexactly, you have others methods of proof-of-work
While that is an inherent component of how proof-of-work cryptos work, and utterly stupid, it’s not an inherent part of how to do blockchains.
You can have a blockchain without consuming stupid amounts of energy.
Yeah it’s called a database…
There aren’t a lot of distributed databases with no single owner and all writes are signed.
Yeah, but not having an owner is actually a fucking terrible thing for a banking system, how do you not grasp this?
No owner is great for a banking system. It stops the owner printing money whenever they feel like it.
Bruh
I do grasp it.
I don’t really know what situation it makes sense for. It seems like a tool for cases where nobody can agree who should own the records of something so now everyone should.
exactly, you have others methods of proof-of-work