Could Monero switch to a proof of stake model? (lemm.ee)

submitted 7 months ago by GregorTacTac@lemm.ee to c/monero@monero.town

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Proof of stake is more energy efficient.

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[-] delirious_owl@discuss.online 6 points 7 months ago* (last edited 7 months ago)

You do realize that proof of work uses a negligible amount of energy compared to banking institutions, right? Its not even worth talking about because its a non-issue.

The real question is: why dont banks just use Monero and get rid of all their wasteful infrastructure?

[-] GregorTacTac@lemm.ee 5 points 7 months ago

Banks are hypocritical. They cry about crypto spending too much energy without even bothering to look at their energy usage.

[-] delirious_owl@discuss.online 4 points 7 months ago* (last edited 7 months ago)

What? Yes, they looked. And they spread a ton of disinformation that was extremely effective

The fact that this question exists is testament to them.

Its the same for the tobacco industry and the oil industry. They know that they're the big polluters killing people. The looked, and they hired PR companies to spread disinformation.