The discussion revolves around the potential for cryptocurrency mining to address real-world problems, contrasting it with traditional mining methods that focus solely on financial gain. Participants explore the nature of computational tasks involved in mining, the business models behind them, and whether cryptocurrencies can produce useful byproducts.
Participants do not reach a consensus on whether cryptocurrency mining can effectively solve real-world problems or if it is solely a financial endeavor. There are competing views on the utility of mining processes and the business models that could support them.
Some participants express concerns about the trustworthiness of organizations like the World Community Grid, questioning whether they might engage in cryptocurrency mining themselves. The discussion also highlights the environmental impact of mining compared to other industries.
This discussion may be of interest to individuals exploring the intersection of cryptocurrency, technology, and societal applications, as well as those curious about the economic implications of mining practices.
That is very interesting...and surprising. I don't expect the mainstream media to get the details right of any tech story, but I hadn't seen that there is a Gov controlled layer running a private blockchain, that's 100% different to what's been reportedfluidistic said:
Just have to look at the correct news. Google returns https://cryptosrus.com/breaking-el-salvador-banks-are-using-wrapped-bitcoin-on-algorand-to-transact/.Melbourne Guy said:That is very interesting...and surprising. I don't expect the mainstream media to get the details right of any tech story, but I hadn't seen that there is a Gov controlled layer running a private blockchain, that's 100% different to what's been reported
Aha, I thought you had first-hand knowledge of this, @fluidistic, now I have to do some research because Google returns so many things, it's hard to sort fact from fiction ☹fluidistic said: