Tag: proof of work

Oct 05 2021

Bitcoin Embodies Nikola Tesla's Vision For Peace And Energy Abundance

As an arbiter of truth for the most reliable and cheapest forms of energy, Bitcoin can enable Nikola Tesla’s vision of a peaceful, abundant energy future.Many attempts to bring about the permanent end state of war can be found throughout history. “The war to end war,” mutual assured...

Sep 15 2021

In Denouncing Bitcoin, Mozilla Undermines Ethical Web Principles

In denouncing Bitcoin’s proof of work and Decentralized Identifiers, Mozilla’s Tantek Çelik undermines the W3C’s own ethical web principles.On Wednesday, September 1, 2021, Tantek Çelik of the Mozilla Foundation and Mozilla Firefox web browser, responded to a World Wide Web Consortium (W3C) web-based straw- poll mailing list “call...

Sep 12 2021

Delegated Proof-of-Stake: Can We Be Free Under A Benign Master?

The consensus mechanism used by Bitcoin is the only way to ensure true lasting freedom.Delegated proof-of-take (DPoS) is a fundamentally different consensus protocol from proof-of-ork (PoW). The difference between the two presents itself in the kind of freedom they promote; while DPoS is freedom under a benign master, PoW is freedom from domination.What Is Freedom?Freedom can be understood in...

Aug 10 2021

Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake

Aug 10 2021 Published at Unchained Podcast under tags  2021 blockchain crypto eip-1559 eth

Ethereum just went through its most complex upgrade ever. Justin Drake, researcher at the Ethereum Foundation, discusses what the upgrade, aka the London hard fork, means for ether’s future as what he calls "ultra-sound money." At the end of the episode, he also drops a few Bitcoin hot takes. Show highlights: his...

Aug 09 2021

Is The US Government Paving The Way For Bitcoin Adoption In the Future?

Governmental Bitcoin adoption seemed so far away just a year ago. All eyes are on the US Senate and the infrastructure draft bill. Opinions vary. Lobbying efforts abound. Two competing amendments try to fix its troublesome wording. Could a plan be in the works for some kind of formal Bitcoin adoption in the future? It seems unlikely. But a pseudonymous Bitcoin analyst presents...

Aug 06 2021

Aug 04 2021

Jul 22 2021

What Did Musk, Dorsey, And Wood Say About ESG, Green Energy, And Bitcoin Mining?

The billionaires had a Zoom meeting yesterday, and it’s all crypto Twitter talks about today. Bitcoin should embrace ESG concerns, thinks Cathie Wood. Jack Dorsey hopes Bitcoin will bring world peace. Elon Musk doubled down on his sketchy views about the subject and wasn’t...

Jul 15 2021

Work As Hard As You Possibly Can On Bitcoin

Jul 15 2021 Published at Bitcoin Magazine under tags  culture ideas proof of work

Every single Bitcoiner benefits from contributing to the growth, prosperity and strength of the network.Rule VII: Work As Hard As You Possibly Can On Bitcoin And See What HappensA reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin.Part 1...

Jul 02 2021

Software Engineer Thinks Ethereum Is Better Currency Than Bitcoin. Is It?

There’s no denying that Ethereum has interesting qualities as an ecosystem. The amount of activity around the protocol alone is proof of that. However, is it a better currency than Bitcoin? This software engineer with a BA in economics thinks that ETH “is more likely to become a global currency than BTC.” He makes the case in 11 tweets, and...

May 28 2021

Vitalik Doubles Down on Proof-of-Stake: It Could Solve Bitcoin’s Problems

Competitors are milking Elon Musk’s misconceptions about Bitcoin’s energy consumption for all their worth. The general public and legacy media won’t shut up about this previously resolved can of worms. And when Vitalik Buterin, co-founder of Ethereum, received the question, he didn’t hesitate....

May 26 2021

The “Bitcoin 2021” Conference In Miami: Big Stars And Latest Announcements

If you don’t yet have a ticket or are via Miami at the moment, we have great news for you. There will be a "Bitcoin 2021" Livestream via YouTube, here’s the first day link, and here’s...

May 21 2021

Jack Dorsey Claims Proof-of-stake (POS) Less Secure and More Centralized

Jack Dorsey, the CEO of Twitter and Square Investment is a well-known Bitcoin proponent, and he has made his stance clear on the Bitcoin network's environmental impact debate claiming the top cryptocurrency is environmentally friendly as it promotes sustainability with the use of clean green energy. The Bitcoin network energy consumption debate also led to The post Jack Dorsey Claims Proof-of-stake (POS) Less...

May 14 2021

Michael Saylor Breaks It Down: The PoW Architecture Is A Masterpiece Of Engineering

What a week! The cryptosphere is buzzing. Did a single tweet from Elon Musk tanked Bitcoin’s price? Or did weak hands surrender their coins to strong hands at a discount?...

Mar 12 2021

Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs

Brendan McGill, co-founder of Offsetra and Carbon.fyi, a company focused on reducing carbon emissions, talks about the environmental impact of NFTs. In this episode, Brendan discusses: his career as an environmentalist and...

Dec 29 2020

Which Cryptocurrency Will Replace Bitcoin?

Bitcoin is not only the oldest cryptocurrency, it is still the undisputed king when it comes to market capitalization. Almost 70% of the total value of all current cryptocurrencies falls on Bitcoin. Nevertheless, the world's first crypto/blockchain is struggling with some obstacles. The project is troubled by huge energy consumption, scaling problems, and the question of what happens when the block reward goes...

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