theocs
Joined 12 years ago
Karma
202
Submissions
88
Member since
Apr 19
Recent submissions
Comment · 4 years ago
Even if all PoW energy came from renewable sources, it's extremely wasteful and I'm sure we could have used that energy on something more productive.
That's not to say the allocation mechanism in PoW isn't interesting, but that's not really good enough in itself.
I've been experimenting with energy limited PoW, something called NuPoW [1], that reduces the reward if too much energy is collectively used. But this only works if you outsource the security to an underlying chain.
Comment · 6 years ago
They trade a token, sometimes called a stablecoin, that represent BTC as its underlying value.
Primarily two extremes for how this is done: Centralized, like WBTC (https://coinlist.co/help/what-is-wrapped-bitcoin-wbtc), and decentralized, like tBTC (https://defirate.com/tbtc/)
[ my public key: https://keybase.io/cfelde; my proof: https://keybase.io/cfelde/sigs/gKZD_5YHDIiy8ifDLGRJVvvQKS6Xel-JWAgkTZNQ778 ]