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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Can we consider it as a driving force to find a commercial-grade cheap and clean electricity source? ;)
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;) Let the race begin. Who comes first clean and cheap energy or a different consensus protocol for BC?
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And we have a winner :) iota.org/get-started/faqs
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Replying to @sindreru @jeppec @Zimareff
Isn’t that that’s the most thoroughly discredited approach? ;)

Apr 25, 2018 · 8:49 AM UTC

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Replying to @stilkov @jeppec @Zimareff
If you’re referring to the whole DCI incident, then read this: medium.com/iota-demystified/… . Else, please elaborate?
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I don’t know any details and don’t want to spread a possibly misguided assessment. My impression was that many people I consider experts dismissed it, and it matched my gut feeling when I read about e.g. the need for trytes, but I may be missing a lot.