Blockchain: the wave of the future

No one is ever concerned with how much energy is used to feed ads to the entire population of earth 24/7.

Distributed hashed linked list is so yesteryear. These days we're into text autocompletion instead.

The real charlatans were the “the technology has promise” people. No, the technology was dumb.

This is revolutionary

...and, hear me out, that will be perfect for keeping messages untraceable by the government. Every single of those 200,000 computers will have full copies of all the messages ever transmitted, unencrypted, but they'll never be able to tell who wrote them and who they were for.

At first I read "200.000" as a particularly precise float, and laughed at the absurdity. Then I realized he meant "two hundred thousand" and it came full-circle from comedy to tragedy. :(

It doesn't require that much computing power, that's just a variable that gets set.

If the difficulty were set lower, one average computer could easily handle it.

Or, you could just pick one computer, have it do the work and punish it by taking its money if it screws up (ETH).

But yeah you’re not wrong about minable coins.

In a trustless environment...

You're handing over your valuables at gunpoint, nerd.

Then some massive org like the NSA creates/captures 51% of the nodes and takes everyone's money overnight.

Do we have a buttcoin on Lemmy? We need a buttcoin

Lot of comments don't seem to understand that these words are not interchangeable

Y'all prefer to have the government and banks in charge of money instead? seriously?

I love how one man created arguably the most complex puzzle in the history of mankind and people shit on it just because it's literally hard to solve (aka "uses energy") and the solutions have value.

For anyone who's interested, Holochain solves this problem while fulfilling the decentralization promises of Blockchain.