Still quite sure that a global-scale monetary system based on a PoW #blockchain would be worth the energy cost. I’ve held on to hope for quite some time, but as of now, #Bitcoin hasn’t reached that goal, nor is it close to doing so. I’m ready to declare that experiment a failure.
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(Of course many people I respect have been saying that for a long time, but I still think the approach itself is worthwhile in principle and too easily dismissed. The enthusiasts have failed to actually prove them wrong in case of this particular application so far, though.)
Mar 24, 2021 · 7:27 PM UTC
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