"Because Bitcoin's DMMS is computationally, and therefore thermodynamically, very expensive, alternatives have been proposed which seek to be economically and environmentally more efficient. One popular alternative, proof-of-stake, is frequently proposed as a mechanism for a cheap distributed consensus. As argued by the author in 2014, this is simply not workable."
— Andrew Poelstra (On Stake and Consensus, 2015)
#bitcoin #consensus #cryptocurrency
npub1jt…s2uhv
2026-08-20 16:36:37 UTC
Author Public Key
npub1jtjd0g3x69hr5n7vmsy75v2zw6l6quxmxc78ykssgrm8kncptsmqqs2uhvPublished at
2026-08-20 16:36:37 UTCEvent JSON
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