- From: David Nicol <davidnicol@gmail.com>
- Date: Thu, 17 Sep 2015 09:43:22 -0500
- To: Timothy Holborn <timothy.holborn@gmail.com>
- Cc: Web Payments <public-webpayments@w3.org>
On Thu, Sep 17, 2015 at 9:22 AM, Timothy Holborn <timothy.holborn@gmail.com> wrote: > Any calcs on the energy usage over any period of time? Huh? you could run a ledger on a wall wart. > Hostile situation? Like that doesn't happen? Not between business partners engaging in a joint venture, no it doesn't. Or when it does it isn't due to any kind of i've-got-more-CPUS-than-you size war. Can anyone on this list explain what Holborn is talking about, with energy use, graphs, and calculations, in the event that I am mistaken? I understood the news item to mean that a consortium of existing financial institutions have decided to switch to a more efficient distributed ledger system instead of the current pretty efficient already, at least compared with hauling precious metal in tall ships, methods that they use, as a joint venture amongst some cooperating partners. The issues with a publicly connectible blockchain, including 51% fraud, energy use associated with competitive mining, vanity and testing noise, etc. are simply absent.
Received on Thursday, 17 September 2015 14:43:52 UTC