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So much for Blockchain's real life use cases (lemmy.ml)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 1 month ago

I mean, you can use other systems besides cryptographic proof-of-work to determine legitimacy of stakeholders of a blockchain. It doesn’t necessarily have to waste power.

That being said, none of the other alternatives are really viable either. Proof-of-stake? So the “richest” people on the chain control all the money? Sounds like we just reinvented the late-stage-capitalism we already have.