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The energy invested is already wasted — it is literally proof of pointless work after all. If Bitcoin mining stopped tomorrow the world would see a net benefit.
by Freak_NL 6y ago
The energy invested is already wasted — it is literally proof of pointless work after all. If Bitcoin mining stopped tomorrow the world would see a net benefit.
And saying 'patches welcome' is a cheap way to dismiss the criticism of Bitcoin being extremely wasteful. With the amount of money invested in Bitcoin now changing the way it works goes against the interests of so many Bitcoin investors that I doubt anyone can get it fixed even if a viable solution existed.
- andirk 6y agoAnd the answer is always yes it is energy-intensive but when properly compared to its counterpart of fiat currency, it isn't that wasteful. Nonetheless, there are dozens of well-oiled projects out there that are less energy intensive that may marry with btc well.