Comments by "Chrysippus" (@4.0.4) on "Proof of Stake - Benefits and Flaws." video.

  1. People exaggerate the power consumption of mining. Sure, it consumes more energy than the country of Ghana, but that's a very low value. Imagine if you calculated all the power bills of every single financial institution in the entire planet. A bunch of GPUs in a warehouse is probably not too far off from a single agency of a bank in terms of wasted electricity, not to mention manpower which implies even more electricity. That said, Ethereum was a semi-good model as it was. GPU production would just ramp up with time and we'd have tons of cheap GPUs down the line (even if things suck now).
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