I like the basic fundamental idea, but the implementation is dreadful.
I’m old for coming up with some kind of method for validating decentralized information but the system that cryptocurrencies use is highly inefficient.
Comment on Elon Musk Fans Are Losing So Much Money to Crypto Scams
BruceTwarzen@lemm.ee 2 weeks agoI like the idea of crypto, vut i hate crypto bros.
echodot@feddit.uk 2 weeks ago
explodicle@sh.itjust.works 2 weeks ago
The validation is cheap, every node does that constantly. Do you mean proof-of-work mining?
S13Ni@lemmy.studio 2 weeks ago
I don’t really like idea, I can’t see how it could be done in anyway that doesn’t lead to already rich people insider trading it.
explodicle@sh.itjust.works 2 weeks ago
If it’s p2p, then there are no insiders.