@jez which doesn't nullify the ecological impact of the global bitcoin market that's driving an increase in power consumption that's from non-renewable sources
Fiat currency also uses nonrenewable materials: fossil fuels for energy, metals for coins, metals for fraud protection, etc.
@jez that is at least one entire yike
Dare I say, two entire metric yikes.
@jez @sophia A PoW scheme that incentives users to donate processing power to research projects is better than the current state of things, but does nothing to solve the fundamental problems with PoW.
I see a better solution in GNU Taler: it is not a currency but a open payment processing system for existing currencies (ie. an alternative to PayPal and Visa, not for the Dollar and the Euro). Transparent for tax reasons but private for the consumer, without PoW or blockchains.
Agreed, putting extra stuff on top of PoW doesn't really improve the situation ecologically. Having a PoS is not egalitarian. Having a Proof of Identity system with meatspace meetups certainly doesn't help reduce fossil fuel consumption.
Hmmmmm.... A libre federated payment infrastructure would be great! But why would for-profit payment systems want to federate with a not-for-profit system which would compete with their model?
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