delmain@beehaw.orgtoChat@beehaw.org•A lot of people hate crypto, and I can understand, however...English
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1 year agoAs a programmer, the biggest problem I have with crypto is that it adds an (I believe) unnecessary pressure on either compute (for proof of work) or storage (for proof of stake) prices for everyone else in the world, for what is seemingly not a huge gain.
Proof of work in particular is awful, because one of the biggest problems that we actually have in the real world is global warming and adding a financial incentive to using more power is exactly the wrong direction we need to be going in. I realize that a lot of crypto is moving away from proof of work, but it’s still there.
But it’s not “every validator has one HDD”. It’s “you can establish an out-sized representation of the swarm by spawning more processes with more storage”.
The pressure doesn’t come from one person mining at home, it comes from organized groups trying to intentionally game the system.