I completely agree with this assessment – the Blockchain approach, particularly the proof of work consensus model, makes sense in far fewer cases than people claim. But where it does, there is currently no alternative.
Clemens Vasters 🇪🇺📨🇮🇱🇺🇦 @clemensv
20 Apr 2018
Replying to @clemensv
The specific combination of well-understood architectural building blocks that make up "blockchain" is very well applicable, but nearly exclusively applicable to all-around trustless global ledger accounting problem (e.g. "coins").
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For me the biggest issue with the PoW is the enormous energy consumption compared to the few benefits. What is your take on this?
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Replying to @jeppec
It bothers me a lot, and I would love to see an alternative. I don’t consider it a waste, though

Apr 25, 2018 · 5:37 AM UTC

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Replying to @stilkov
I have my doubts on the usefulness. What are the most useful use cases in your opinion?
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Kind of a boring answer, but banking without banks is a pretty big field, especially for those who (unlike the two of us) don’t have access to banks
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