this post was submitted on 07 May 2024
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That's unfortunate for people using it, but a good thing in the long run.
Cryptocurrencies that use proof-of-work, and haven't already migrated to less resource-intensive schemes, are doing more harm than good.
Tell us about the options.
And I sure hope you are not talking about "less resource-intensive schemes" that are based on "let's give money to people who have the most money" thus making the cryptocurrencies that use it not only unfair but also even more centralized than bitcoin with its ASICs, right?
Literally anything but proof of work: taler, proof of stake, proof of weight, fiat currency, gold coins, pokemon cards...
These all have advantages and disadvantages, it depends on what users prioritize: polluting less, privacy, decentralisation, convenience, ...
well, already addressed that in my comment :)
seems to be mostly the same thing as PoS.