it isn't, it can't be secure enough, it's impossible, because everything boils down to energy at the end of the day.
RE: Meanwhile, at some anonymous Blockchain Startup ...
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Meanwhile, at some anonymous Blockchain Startup ...
You do understand, that Steem isn't POW, but stake -based ?
It all boils down to processing power; quantum computing will eventually crack bitcoin.
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yes, and that's exactly the problem.
it won't
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I understand you are some die-hard btc fanboy.
That's ok.
But you reply is some bullshit.
Steem is POS and therefore no: it doesn't boil down to energy, because it' s not POW.
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you misunderstood, i said that is the problem that it's not energy based, because ultimately, everything is based on energy. all permissionless-consensus-critical crypto-systems that do not understand this only boil down to an inelegant or obscure form of proof-of-work at the end of the day again. "nothing is cheaper than proof-of-work": http://www.truthcoin.info/blog/pow-cheapest/
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