Quote:
Originally Posted by jammies
That doesn't change the inherent inefficiency, that just refines the method to make it less inefficient than it was before. I already said improving the algorithms is one way to improve the abysmal performance. That is an evolutionary change, you might think enough such evolution will eventually result in a transformative financial and social revolution, but not only do I very much doubt this, I think the world would be a worse place if it did.
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The latter aside, because I'm inclined to agree with you ultimately, what are PoS or PoT&S or whatever comes next for proofing, inefficient in relation to? It certainly can't be the modern fin-sec apparatus, because that thing is barely better than a PoW network when looking at kWh/transaction ratios.