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You’re thinking efficient compared to another hashing algorithm. I think op is saying efficient compared to the value it creates. I.e. cryptocurrency is useful
by kennywinker 8y ago
You’re thinking efficient compared to another hashing algorithm. I think op is saying efficient compared to the value it creates. I.e. cryptocurrency is useful for some things, but it’s burning a LOT of energy to do it.
- VMG 8y agoI'm asking what is more efficient at doing what Bitcoin does: censorship-resistant transactions with sound money.
- kennywinker 8y agoCash?
- luddaite 8y agoI think the point here is that the need for such a currency is not absolute and may be outweighed by the cost of such a large energy consumption rate.