PoS vs PoW tweetstorm that digs into the fundamentals. Great overview of the argument:https://twitter.com/hugohanoi/status/951762596255838209 …
-
-
Replying to @TuurDemeester
Thanks Tuur. To add since so many people seem to be missing the point... “What about tech innovations? Cars vs horses? LED vs. lightbulb? Aren’t those examples of using less energy to achieve the same goal?” No because in those cases there are exploitable inefficiencies.
4 replies 4 retweets 24 likes -
Replying to @hugohanoi @TuurDemeester
Every hash in PoW goes to secure the ledger. 1 hash mined == 1 hash harder to revert. You can improve the hardware that performs the hashing op itself, but there’s no getting around the fact that to rewrite history you have to spend an equiv amount of hash ops. 100% efficiency.
4 replies 2 retweets 17 likes -
Replying to @hugohanoi @TuurDemeester
There is some inefficiency here. Hundreds of miners all trying the same hashes. Double work for the same hash
1 reply 0 retweets 0 likes
Sure you can give that up if you don’t want decentralization & trustless-ness properties...
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
