that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.
the vast majority of cryptocurrencies are still power hungry
False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).
LandedGentry@lemmy.zip 4 days ago
[deleted]Knock_Knock_Lemmy_In@lemmy.world 3 days ago
The analogy doesn’t stretch to allowing fiat to be compared to public transport.
A medium that is decimated when Trump shouts “Tariff” is not the gold standard.
Fiat is only the gold standard when it is backed by actual gold.
LandedGentry@lemmy.zip 3 days ago
[deleted]Knock_Knock_Lemmy_In@lemmy.world 3 days ago
Dude, you brought the slop.
Saying PoS is supporting PoW is like saying EVs support ICEs.
Would you like another go at explaining how your half baked public transport analogy fits into this?
echodot@feddit.uk 3 days ago
Oh great so if you remove bitcoin your argument works, trouble is, bitcoin exists
Knock_Knock_Lemmy_In@lemmy.world 3 days ago
The only way to remove bitcoin is through redundancy.
Support it’s successor technologies that improve on the design in every single dimension (including energy efficiency).