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> Wasteful compared to what? Obviously, it is more energy-intensive than an RTGS (ie. a traditional central bank), which also sports low volatility. But even
by espadrine 6y ago
> Wasteful compared to what?
Obviously, it is more energy-intensive than an RTGS (ie. a traditional central bank), which also sports low volatility.
But even if you want a distributed, open-membership system, Stellar has only a marginal increase in energy consumption, a tiny slimmer of the amount needed for Bitcoin. (Obviously, it is volatile, though.)
- cft 6y agoA traditional large central bank requires the government, the legal system and the military to back up the fiat, which is more expensive than electricity for the miners.
- espadrine 6y agoHow so? They are all necessary regardless of the currency. Nobody (ie. less than 0.0001% of the population) wants to live in a lawless society, and if they achieved it, they would be conquered by a lawful one.