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Well, at least a storage-backed crypto currency can offer some intrinsic value. That's much less stupid than burning electricity purposelessly. On the technica
by gritzko 9y ago
Well, at least a storage-backed crypto currency can offer some intrinsic value. That's much less stupid than burning electricity purposelessly.
On the technical side, I find it doable. Unless they actually try to implement it "on the blockchain". Given blockchain transaction rates, by the time you'll download your porn, you will not need it anymore.
Of course we can ask, how big is the market for cold storage? On the other hand, how big is the market for gold?
- Zarath 9y agoElectricity is already burned purposelessly. It's called heat. In the future you will see that the only profitable miners are ones who can "sell" their heat, i.e. using it for greenhouses or other applications.