this post was submitted on 10 Aug 2024
93 points (100.0% liked)
Technology
37719 readers
284 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Calling those that don't depend on proof-of-work "more energy efficient" is understating it to the point of being dishonest. The difference is not that they're more efficient in any conventional way. It's that they don't have the amazing bitcoin feature of relying for their operation on the practice of deliberately wasting enormous amounts of energy for the purpose of being able to prove that you've wasted enormous amounts of energy.
All the way through the cryptocurrency crash which the average reader of headlines might've thought had put an end to it by now, the bitcoin network has kept on burning up absurd amounts of power.
What asset would you consider a good value reserve?
A small plot of land with good soil and a steady supply of fresh water, a good education, and a sturdy pair of boots.
I don’t think you got it. So everything you get extra from this work would be used to multiply the same work? Also, you got me curious: why a small plot, not more?
If you can afford more than a small plot of land in this economy, you've probably been hoarding too much wealth. I know it's a very popular hobby, but it's quite bad for you if taken to excess. But this is getting somewhat off-topic.
Some kind of technology that resembles today's cryptocurrencies may or may not have a future. As they exist right now none of them are anything like a good investment opportunity or a safe store of value.