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Anyone finds it silly/irresponsible to trade non-renewable resources for virtual ones?

• CyberDildonics 9y ago
  Wouldn't rendering 3D movies fall under that category?
  • bitL 9y ago
    You don't make billion movies. You probably make billion transactions though; when these are energy-demanding, you are burning precious resources for very little value. If all of humanity switched to bitcoin, imagine we spent 50% of energy production to run mining and blockchain verification. It's a nice proof of concept, we need something different though to survive.
    • CyberDildonics 9y ago
      That's not how bitcoin works. The mining power being spent now is not tied to the number of transactions. The price is what is dictating all the mining that is currently being done. More transaction throughput requires almost nothing more from the miners than they are doing now.