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No, again, you're confusing the issue. The 'security feature' of BTC, which happens to be related to energy has nothing to do with currency, or necessarily eve
by jariel 6y ago
No, again, you're confusing the issue.
The 'security feature' of BTC, which happens to be related to energy has nothing to do with currency, or necessarily even crypto-currenices in the general sense.
The OP was trying to imply some kind of theoretical implication between 'energy used + value creation' (and you're also tying that to energy 'secure' usage).
Yes - we know BTC is 'tied to energy' - but that's irrelevant in the bigger picture, it's a specific feature of BTC - it's not a 'fundamental' problem.
There are myriad ways if distributing currency, even 'security' that don't involve arbitrary amounts of energy usage.
BTC/Crypto is kind of infuriating space of very smart technical people who have almost no financial knowledge 'discover' what they think of as new, but in reality, most of this has been known since the dawn of classical economics. BTC is a novel thing, that's about it.
- keymone 6y ago> 'security feature' of BTC, which happens to be related to energy has nothing to do with currency it's literally the mechanism that solves double spend problem, which i'm pretty sure is quite important for a currency and to my knowledge wasn't solvable in trustless manner prior to bitcoin.