When I first started yelling at people about this five years ago they told me Ethereum was halfway there to displacing proof-of-work with proof-of-stake ("halfway" because of the fork with Ethereum Classic) Since then, they've gone from halfway to zerohttps://twitter.com/beakfriends/status/1366193100226461698?s=20 …
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If you don't know what that means... good Basically they kept saying there's a complicated math way to do Bitcoiny stuff *without* constantly burning massive amounts of power But everyone who's promised to do it has abandoned it Because no one actually gives a shit
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Bitcoin stalwarts sneering at all the "altcoins" as a waste of time say that proof-of-work is essential because "no other method has the concept of scarcity scaling to demand baked right in" I think they are correct, and this is also why they are fundamentally evil
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Mining Bitcoin *has to be* something that gets harder and harder to do the more people are trying to do it, and the only way to enforce this and make it impossible to get around is to make the difficulty based on burning real physical resources
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It makes perfect sense as the only really logical way to accomplish Bitcoin's goals, and that's why its goals are evil
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It's like the math/computing version of cartoonishly evil concepts like the billionaire dining club that only eats endangered animals The point is to eat the most expensive animal possible, and by definition the more endangered it is the more expensive it is
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If the animal weren't endangered, it wouldn't be expensive It has to be objectively hard to get one or there's no point Artificially raise the price -- just getting a regular chicken and charging $1 million for it -- and people will find a way to get around it
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(Charging $1 million for a regular chicken by making everyone pinky-promise not to bring any "outside food" into the club is the equivalent of proof-of-stake Not being able to make people keep this promise is the fundamental problem with PoS "consensus")
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("Is that one of OUR chickens or an outside chicken? How do we label our chickens" is the "block selection" problem Proof-of-work makes this moot by not killing chickens and instead killing white rhinos, which are objectively physically rare and verifiable by DNA testing)
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(Proof-of-work always works because there's always a most endangered species of animal in the world that you can work through until it's gone and then go after the next one It is very elegant in its evil and evil in its elegance)
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(If you're an actual crypto enthusiast who's gonna come at me for why this metaphor is bad/inaccurate, I do not care, and neither will anyone else after you've finally killed the planet and they're looking for someone to blame)
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Replying to @arthur_affect
This whole thing is like if the XVII century Dutch had to use their windmills to grow tulips during the mania. Then the whole place reverts to a swamp and there’s a cholera epidemic.
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Replying to @arthur_affect
If the math problems were at least useful that would be one thing. Solve protein folding in a way that makes the answer public domain? Awesome.
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