Gregor

I’m Gregor, I don’t post a lot, but I do make loads of comments.

  • 31 Posts
  • 184 Comments
Joined 3 months ago
cake
Cake day: July 21st, 2024







  • GregortoComic Strips@lemmy.worldA.I.
    arrow-up
    1
    arrow-down
    0
    ·
    3 days ago
    link
    fedilink

    Proof of Stake only shines compared to Proof of Work. There’s no consensus algorithm that isn’t blown out of the water by conventional database tech performance-wise and there never will be because of the network character of blockchain tech.

    Why do you use Lemmy, which is far less efficient than a centralized system, because of its network character?
















  • GregortoComic Strips@lemmy.worldA.I.
    arrow-up
    2
    arrow-down
    0
    ·
    6 days ago
    link
    fedilink

    I agree that a lot of cryptocurrencies are scams, but if you’re worried about inefficiency, you can use proof of stake crypto, such as Polkadot. It uses as much energy as 5 households iirc. Even if everyone can see transactions, no one can take that money away from you, which banks can easily do.


  • GregortoComic Strips@lemmy.worldA.I.
    arrow-up
    3
    arrow-down
    3
    ·
    6 days ago
    link
    fedilink

    Blockchain tech never was meant for privacy (how could it with the ledger being public?)

    Stuff like Monero can hide that. And even bitcoin is better than banks. You don’t have to link your identity to a Bitcoin wallet, meanwhile some banks even want a sample of your voice.


  • GregortoComic Strips@lemmy.worldA.I.
    arrow-up
    19
    arrow-down
    6
    ·
    6 days ago
    link
    fedilink

    Not really. You can use crypto to make non-criminal transactions too. You sound exactly like EU politicians, “if you have nothing to hide, you have nothing to fear”. Are you saying that you don’t need privacy with your transactions? If privacy is outlawed, only outlaws will have privacy. And it’s the same with crypto.