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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It bothers me a lot, and I would love to see an alternative. I don’t consider it a waste, though
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I have my doubts on the usefulness. What are the most useful use cases in your opinion?
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Replying to @jeppec
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

Apr 25, 2018 · 5:45 AM UTC

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Replying to @stilkov
I’m wondering how many don’t have access to banks today and if they don’t have access to banks, will they have access to enough electricity and can they afford hardware powerful enough for PoW?
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The just need a smart phone to run a wallet. My guess there are potentially a few billion people.
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