▲ 482 ▼ So much for Blockchain's real life use cases (lemmy.ml) submitted 2 years ago by whydudothatdrcrane@lemmy.ml to c/memes@lemmy.ml 130 comments fedilink hide all child comments
[+] MotoAsh@lemmy.world 12 points 2 years ago* (last edited 10 months ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] MonkeMischief@lemmy.today 1 point 2 years ago (2 children) Not to mention, at scale, big things like cars and houses are sold a ton every single day... Having to use all that electricity to mint an NFT every single time, not to mention cases mentioned above like "Oops got it wrong", yikes..... Would that cost more electricity than hypothetically shifting all vehicles to electric? Now I'm curious haha. permalink fedilink source parent hideshow 4 child comments replies: [–] 4am@lemm.ee 3 points 2 years ago I mean, you can use other systems besides cryptographic proof-of-work to determine legitimacy of stakeholders of a blockchain. It doesn’t necessarily have to waste power. That being said, none of the other alternatives are really viable either. Proof-of-stake? So the “richest” people on the chain control all the money? Sounds like we just reinvented the late-stage-capitalism we already have. permalink fedilink source parent [+] MotoAsh@lemmy.world 2 points 2 years ago* (last edited 10 months ago) [deleted] permalink fedilink source parent
[–] MonkeMischief@lemmy.today 1 point 2 years ago (2 children) Not to mention, at scale, big things like cars and houses are sold a ton every single day... Having to use all that electricity to mint an NFT every single time, not to mention cases mentioned above like "Oops got it wrong", yikes..... Would that cost more electricity than hypothetically shifting all vehicles to electric? Now I'm curious haha. permalink fedilink source parent hideshow 4 child comments replies: [–] 4am@lemm.ee 3 points 2 years ago I mean, you can use other systems besides cryptographic proof-of-work to determine legitimacy of stakeholders of a blockchain. It doesn’t necessarily have to waste power. That being said, none of the other alternatives are really viable either. Proof-of-stake? So the “richest” people on the chain control all the money? Sounds like we just reinvented the late-stage-capitalism we already have. permalink fedilink source parent [+] MotoAsh@lemmy.world 2 points 2 years ago* (last edited 10 months ago) [deleted] permalink fedilink source parent
[–] 4am@lemm.ee 3 points 2 years ago I mean, you can use other systems besides cryptographic proof-of-work to determine legitimacy of stakeholders of a blockchain. It doesn’t necessarily have to waste power. That being said, none of the other alternatives are really viable either. Proof-of-stake? So the “richest” people on the chain control all the money? Sounds like we just reinvented the late-stage-capitalism we already have. permalink fedilink source parent
[+] MotoAsh@lemmy.world 2 points 2 years ago* (last edited 10 months ago) [deleted] permalink fedilink source parent
