4 ms·
But how much energy will it use when scaled to the throughput of physical currency? Probably still not as bad but Bitcoin is still far less efficient than cred
by roberttod 9y ago
But how much energy will it use when scaled to the throughput of physical currency?
Probably still not as bad but Bitcoin is still far less efficient than credit/debit transactions at that scale. There are some great crypto alternatives that would use magnitudes less power also.
- infogulch 9y agoBitcoin as it is currently envisioned cannot scale to the throughput of either cards or cash of any major economy, let alone all of them combined. There are data limits on bitcoin that make it literally impossible, and even given big technical changes that significantly lift limits it would still not even be close. Bitcoin would have to go through an enormous transformation to be able to scale to that many transactions.