I believe strongly that it would be a huge mistake to shut down a fundamental innovation that has the potential to decentralize power because we are temporarily concerned about its electricity consumption. Instead, we need to eliminate fossil fuel subsidies, pass a carbon tax, and decarbonize our grid aggressively (as an aside, I believe that will ... See more

Networks are experimenting with lockup mechanisms for ongoing emissions in an attempt to improve price volatility and exclude speculators. 

Digital art suffers from perfect reproducibility, and hence, a lack of scarcity. There is no “real” version — even in the artist’s studio, copies proliferate in backups, on shared drives, and in cache files. For decades, we have experimented with watermarks and anti-piracy tech to try and enforce a physical, world-of-atoms scarcity on digital goods... See more

• Operating expenses to run PoS networks are wayyyyyyy lower than PoW. The cost of running software will continue to approach 0.


• As I discussed in Endgame: Proof of Governance , and many others have before me, the superpower of PoS security is really accountability. If you double sign, everyone knows who you are. We tend to even know their real-world

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