2024-03-30 UTC
# 
[tantek] cryptocurrency << criticism:
{{t}}: we should stop calling it proof of work (POW) because "work" generally implies something productive and useful is being done, while in the case of performing a bunch of random math just to show that you have and for no other reason is a waste of energy. Hence let's call it "proof of squandering energy recklessly" (POSER) because as elsewhere documented, such energy usage is displacing actually directly