4 ms·
This is a poor example of this genre of the article, but that doesn't make its conclusions wrong. For a better article covering similar ground: https://www.ft.c
by ForHackernews 6y ago
This is a poor example of this genre of the article, but that doesn't make its conclusions wrong. For a better article covering similar ground: https://www.ft.com/content/a9bd5b42-272e-465c-9284-9fe2a7906f48 https://www.ft.com/content/a9bd5b42-272e-465c-9284-9fe2a7906... [1]
Everyone in this thread parroting the usual lines about bitcoin[0] needs to explain why legacy environmentally destructive proof-of-work coins should not be superseded by vastly more efficient proof-of-stake cryptocurrencies.
[0] "banks also have lights and computers", "it's mined with renewable energy", "something something secure the network"
[1] bypass paywall https://crosat.com/the-environmental-idiocy-of-teslas-bitcoin-bet/ https://crosat.com/the-environmental-idiocy-of-teslas-bitcoi...
- frongpik 6y agoIt's the conservation of momentum that prevents bitcoin from flopping. All those bitcoin owners holding a massive amount of wealth today won't just go home because someone said bitcoin is not optimal.