lime!

you are framing a fundamental issue with the system as a positive, which is confusingly common for crypto advocates.

i’m not interested in this conversation.

this reads like a mad rant.

first of all, bitcoin in its original form was meant to be used as a transaction log between banks. it was never meant to be a currency on its own, which can be seen in the fact that efforts in scaling up to more than a few million users consistently fail.

in practice, all cryptocurrencies result in a centralisation of power by default, whether they use proof of work or proof of stake, because they are built so that people with more resources outside the network can more easily get sway over the system. by either simply buying more hardware than anyone else (for pow) or pooling more of the limited resource (for pos) they can control the entire thing.

cryptocurrencies are a libertarian solution to the problem of capitalism, which is to say, a non-solution. the actual solution is to limit the use of financial incentives. i’d wager most people on lemmy would rather abolish currency altogether than go to crypto.

in the case of anubis one could argue that the goal is to save energy. if too much energy is being spent by crawlers they might be configured to auto-skip anubis-protected sites to save money.

also, i’d say the tech behind crypto is interesting but that it should never have been used in a monetary context. proof of stake doesn’t help there, since it also facilitates consolidation of capital.

okay, git using the same algorithm may have been a bad example. let’s go with video games then. the energy usage for the fraction of a second it takes for the anubis challenge-response dance to complete, even on phones, is literally nothing compared to playing minecraft for a minute.

if you’re mining, you do billions of cycles of sha256 calculations a second for hours every day. anubis does maybe 1000, once, if you’re unlucky. the method of “verification” is the wrong thing to be upset at, especially since it can be changed

the hashing part? it’s the same algo as here.

the functional difference is that this does it once. you could just as well accuse git of being a major contributor to global warming.

hash algorithms are useful. running billions of them to make monopoly money is not.