I’m shocked, I tell you. Absolutely shocked. And if you believe that, I got some oceanfront property in Arizona. I’ll sell you too.

This is amazing, but it would certainly be a pain in the ass to have to wake up every four hours during the night to change your battery for your damn heart. And if the alarm couldn’t wake you, you’d just fucking die or something.

Hey, another controld user.

To be fair I’m not a huge fan of pure proof of stake because it makes validation more difficult because you have to have code for slashing somebody’s stake if they are malicious or bad and a malicious entity could just buy up a bunch of your tokens and tank them. Admittedly, not a lot of people would do so, but I could totally see a government buying up a bunch of tokens on a network and purposely crashing the network in order to rid themselves of a nuisance and calling it justified. Proof of work makes that much more difficult. Still doable for certain, but much, much more difficult.

My first question to you would be, how much energy does the banking sector use to run bank branches, haul physical money back and forth, bring employees to and from work, etc?

Next, not all blockchains require extreme levels of computation power for proof of work. Take Monero, for example, which deliberately makes ASIC chips impossible to use and is therefore mined only on CPUs, which are extremely common.

I’d say you’re right for 99% of it, but there is 1% that’s genuinely useful.