Tag: proof of work

Proof-of-Stake is better than Proof-of-Work — but Ethereum’s Merge won’t fix any other problem with cryptocurrency

- by David Gerard - 12 Comments.

Proof-of-stake will still be a vast improvement over proof-of-work. In all other senses, none of this matters.

News: Craig Wright in court, Mt. Gox settlement, Bitcoin futures ETF, Reddit community points, miners still can’t sell their bitcoins

- by David Gerard - 4 Comments.

We have a new CD out too!

News: Bitcoin mining is not green, miners versus programmers, gold is cleaner than bitcoin, exchanges collapse, how to forge an NFT

- by David Gerard - 2 Comments.

“Maybe your cryptocurrency is different. But look: you’re in really poor company. When you’re the only honest person in the room, maybe you should be in a different room.”

NFTs: crypto grifters try to scam artists, again

- by David Gerard - 23 Comments.

Banksying the unbanksied.

Guest post: The Last Last Word on Bitcoin’s (horrifying) Energy Consumption

- by Guest post - 4 Comments.

A response to Nic Carter’s “The Last Word on Bitcoin’s Energy Consumption” (CoinDesk, 19 May 2020), by Michael Reece Purson.

News: Tether, Winklevoss vs Shrem, regulation, Consensys asteroid mining, Ethereum analysis, Proof of Work is still awful

- by David Gerard - 3 Comments.

You can see the clear synergies between an Ethereum development house and asteroid mining … right?

Bitcoin’s stupendous power waste is green, apparently — bad excuses for Proof-of-Work

- by David Gerard - 16 Comments.

Did you know that Bitcoin using 0.1% of all the electricity on earth, and 0.5% by the end of the year, is actually good? Huge if true.