this post was submitted on 01 Jun 2025
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Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure (www.dlnews.com)
submitted 6 days ago by Pro@programming.dev to c/technology@lemmy.world
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[โ€“] Gsus4@mander.xyz 3 points 5 days ago* (last edited 5 days ago) (1 children)

Apart from all the other deflationary stuff...

I can't get past the adjustable difficulty lottery system they use for mining blocks every 10m... :/ there has to be a better way.

It's like diagonalizing huge matrices repeatedly just as a wait() function.

[โ€“] untakenusername@sh.itjust.works 4 points 4 days ago* (last edited 4 days ago)

there's better methods than how Bitcoin works (PoW) like Proof of Stake, but that has its own problems, like bringing more centralization to the network. Like how with bitcoin if a miner controls more than half of the global hash rates, they can mint more money than should be, in a currency with PoS they could just buy half of the coins and do it. They probably wouldn't because its not in their self interest, but its still a problem