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Yea I don't think that is worth the ridiculous amount of energy being consumed by crypto. Almost the equivalent of the entirety of Denmark.
by kd913 6y ago
Yea I don't think that is worth the ridiculous amount of energy being consumed by crypto. Almost the equivalent of the entirety of Denmark.
- mkolodny 6y agoThere are promising alternatives to energy intensive proof-of-work crypto algorithms. Specifically proof-of-stake (Ethereum, etc)[0], and ledger-backed services[1]. [0] https://blockgeeks.com/guides/ethereum-casper/ https://blockgeeks.com/guides/ethereum-casper/ [1] https://pfrazee.github.io/blog/secure-ledgers-dont-require-proof-of-work https://pfrazee.github.io/blog/secure-ledgers-dont-require-p...
- kd913 6y agoThere have been better coins, better protocols for years now, but the most popular cryptocurrency still remains to be bitcoin. Bitcoin alone has a terrible energy footprint. The environmental damage caused by all this nonsense is not worth it at all.
- young_unixer 6y agoThe total amount of money stolen by governments worldwide each year is much bugger than Denmark's GDP.