tag:nu.federati.net,2020-03-27:fave:2:note:3286077:2020-03-27T02:18:50+00:00Favoritelnxw48a1 favorited something by xj9: <span class="h-card"><a class="u-url mention" href="https://hackers.town/@Anarkat">@<span>Anarkat</span></a></span> <span class="h-card"><a class="u-url mention" href="https://hackers.town/@theruran">@<span>theruran</span></a></span> <span class="h-card"><a class="u-url mention" href="https://hackers.town/@endomain">@<span>endomain</span></a></span> <br /><br />that's more of a side-effect than a feature. of course, bitcoin has flaws and the energy cost of operating it is one of them. don't forget that bitcoin is one of the first large-scale decentralized currency systems. its going to have major flaws, but it does show that such a thing is not only feasible, but useful.<br /><br />i am of the opinion that global consensus creates unnecessary overhead, but *some system* like PoW or PoS is needed for trustless transaction. in a local context, producer credits are an interesting approach that some folks over on ssb have been trying out.<br /><br /><a href="https://viewer.sunshinegardens.org/%256mByr6BrJflzFM5gCQj5tAwDcYNgiFeZMR41LGj4PzE%3D.sha256">https://viewer.sunshinegardens.org/%256mByr6BrJflzFM5gCQj5tAwDcYNgiFeZMR41LGj4PzE%3D.sha256</a><br /><br /><a href="https://viewer.sunshinegardens.org/%25b%2FUUNV5VgLLxyt%2ByDMKomLqYIdSF4rMJBVRXO3GPFjQ%3D.sha256">https://viewer.sunshinegardens.org/%25b%2FUUNV5VgLLxyt%2ByDMKomLqYIdSF4rMJBVRXO3GPFjQ%3D.sha256</a><br /><br /><a href="https://paulgrignon.netfirms.com/MoneyasDebt/MAD2014/solution8.htm">https://paulgrignon.netfirms.com/MoneyasDebt/MAD2014/solution8.htm</a><br /><br />(some of the messages in these threads are not available on web, you'll need to install an ssb client to read them)http://activitystrea.ms/schema/1.0/favorite2020-03-27T02:18:50+00:002020-03-27T02:18:50+00:00http://activitystrea.ms/schema/1.0/personhttps://nu.federati.net/user/2lnxw48a1Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .lnxw48a1LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}Main account. A GNU+Linux bearing nomad migrating across a Windows-centric desert. I save the world from incompetent headquarters IT folks. I invite comment and discussion, but I dislike arguing .{58024A03-1021-499E-B14D-DF4537889BF8}http://activitystrea.ms/schema/1.0/notehttps://social.sunshinegardens.org/objects/360f2df4-4cc2-49e0-8b61-67ec2da73040New note by xj9<span class="h-card"><a class="u-url mention" href="https://hackers.town/@Anarkat">@<span>Anarkat</span></a></span> <span class="h-card"><a class="u-url mention" href="https://hackers.town/@theruran">@<span>theruran</span></a></span> <span class="h-card"><a class="u-url mention" href="https://hackers.town/@endomain">@<span>endomain</span></a></span> <br /><br />that's more of a side-effect than a feature. of course, bitcoin has flaws and the energy cost of operating it is one of them. don't forget that bitcoin is one of the first large-scale decentralized currency systems. its going to have major flaws, but it does show that such a thing is not only feasible, but useful.<br /><br />i am of the opinion that global consensus creates unnecessary overhead, but *some system* like PoW or PoS is needed for trustless transaction. in a local context, producer credits are an interesting approach that some folks over on ssb have been trying out.<br /><br /><a href="https://viewer.sunshinegardens.org/%256mByr6BrJflzFM5gCQj5tAwDcYNgiFeZMR41LGj4PzE%3D.sha256">https://viewer.sunshinegardens.org/%256mByr6BrJflzFM5gCQj5tAwDcYNgiFeZMR41LGj4PzE%3D.sha256</a><br /><br /><a href="https://viewer.sunshinegardens.org/%25b%2FUUNV5VgLLxyt%2ByDMKomLqYIdSF4rMJBVRXO3GPFjQ%3D.sha256">https://viewer.sunshinegardens.org/%25b%2FUUNV5VgLLxyt%2ByDMKomLqYIdSF4rMJBVRXO3GPFjQ%3D.sha256</a><br /><br /><a href="https://paulgrignon.netfirms.com/MoneyasDebt/MAD2014/solution8.htm">https://paulgrignon.netfirms.com/MoneyasDebt/MAD2014/solution8.htm</a><br /><br />(some of the messages in these threads are not available on web, you'll need to install an ssb client to read them)3286077tag:hackers.town,2020-03-09:objectId=9981294:objectType=Conversation