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"Cash requires power to “create”. You can’t just create it by changing some bytes." Compared to the power utilization of some crypto currencies I'd argue that
by CaptainZapp 8y ago
"Cash requires power to “create”. You can’t just create it by changing some bytes."
Compared to the power utilization of some crypto currencies I'd argue that this is negligible.
- Matt3o12_ 8y agoWe are not talking about crypto currencies. We are talking about visa and MasterCard which use a centralized network to process those payments. That is as cheap as it can get. The power requirements for crypto currencies are the main reason I oppose them. They are a great idea but useless because mining and verifying transactions puts such a strain on our environment that I couldn’t justify the advantages for everyday use. And a crypto currency with doesn’t require a lot of power kind of misses the point.