PoS vs PoW tweetstorm that digs into the fundamentals. Great overview of the argument:https://twitter.com/hugohanoi/status/951762596255838209 …
Money is subjective, but immutability in PoW is *not* subjective due to the properties of one-way hash function. All I'm saying is there is a direct, 1-to-1 relationship between mining energy usage and immutability. Remove the energy, and you remove the immutability.
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First law of thermodynamics doesn't apply to algorithms. Ex: Quicksort uses recursion to sort a billion integers with 50,000 times fewer operations than bubble sort. A better algorithm can get you something for nothing! No cosmic constant controls energy needed to secure 1 BTC
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Ehh no. It still does. The fact that a new algo / new hardware allows you to perform a task more efficiently, simply means that the old algo / hardware wasted more electricity / kinetic energy than necessary. But you still use energy. It's not "nothing".
End of conversation
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