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This is not how it works at all. A bitcoin block can have 0 transactions and still need the same energy to produce. a) Sending payments is not the only purpose
by disruptalot 6y ago
This is not how it works at all. A bitcoin block can have 0 transactions and still need the same energy to produce.
a) Sending payments is not the only purpose of the network, it's issuance, it's security, it's to make the ledger immutable.
b) No one's buying a burger with bitcoin. Bitcoin's production is a monetary base. Using the same block space you can have an infinite number of economic transactions happen with the same power consumption (block) on multiple layers, each with a degrading level of security. Of course you don't need the full force of the bitcoin network for a coffee or burger.
- yunohn 6y ago> No one's buying a burger with bitcoin. That’s exactly the point being made, isn’t it? No one uses Bitcoin as a currency for real transactions.