I really really really doubt those claims. I would need sources to believe that and also the blockchain itself is not a bad idea. Theres also like a thousand different implementations of it. Its like saying every form of currencies are bad.
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What, why would you doubt such obvious claims such as "the blockchain [...] weights 60 000 tons"
I seriously would like to know WTF the poster meant by that
I thought the context was obvious - in server hardware and infrastructure required to house it.
Verifying this number thought seems essentially impossible.
And banks could continue having a monopoly on controlling money and transactions.
Spot on! And diluting your income and savings by money printing and inflation.
Does anyone know I'd proof of stake ended up being better than proof of work? I dont follow crypto but kept hearing that was supposed to improve things
Crypto is a big deal because it enables grifting and crime, but with how shit payment processors are and their tendency to use their position for censorship, crypto actually would be a potential way of solving that problem IF it werent ludicrously volatile and wasteful. But I have no idea if those problems could really ever be solved, or any progress has been made on those fronts
Proof of Stake and Proof of Work are two different ways of electing who should append the blockchain with new transactions.
Proof of Work: the one who can waste most energy fastest is most likely to be elected.
Proof of Stake: the one with most money is most likely to be elected.
It’s a bit oversimplified, but that’s the general idea.