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.
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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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.
Apr 25, 2018 · 10:08 AM UTC