a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
mk  ·  3390 days ago  ·  link  ·    ·  parent  ·  post: Blockchain: The trust machine

Absolutely. Not necessarily bitcoin specifically, but something like it. Ethereum is pretty amazing. Not only is it turing complete, they are planning a transition from 'proof of work' to 'proof of stake' later this year to secure the Ethereum blockchain. That is, they will be using an internal metric (control of ETH) rather than hashing power to make the addition of new blocks an expensive game.

https://en.m.wikipedia.org/wiki/Proof-of-stake

If they pull it off, I could see Ethereum being put to use in a wide number of applications, rapidly replacing traditional agents of trust.