Blockchain's biggest benefit is disturbed verification, so trust the community and not one authority. Right?
Yet the cost is distributed externalities like burning nonrenewables or wasting greener energy sources on inefficient or pointless calculations.
Are there any smart contracts or DeFi without the externalities problem?
And even if there are then is it wise to put money into things one doesn't understand? The DAO exploit makes me wonder if the juice is really worth the squeeze.
I sure hope so. But of course everyone invested in Bitcoin, dogecoin, and the others have a vested interest in that never becoming the thing to do. The ones with the mining factories are going to try to prevent this, since it's their competitive advantage.
Yet the cost is distributed externalities like burning nonrenewables or wasting greener energy sources on inefficient or pointless calculations.
Are there any smart contracts or DeFi without the externalities problem?
And even if there are then is it wise to put money into things one doesn't understand? The DAO exploit makes me wonder if the juice is really worth the squeeze.