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If Bitcoin showed one thing, it's that we can have a way to transact ownership of bytes from one address/wallet to another with a shared network without interme
by pferdone 6y ago
If Bitcoin showed one thing, it's that we can have a way to transact ownership of bytes from one address/wallet to another with a shared network without intermediaries and implicit trust of parties. IMHO it's a very big PoC and the number of people participating over the years makes it a success to me.
- bujak300 6y agoAlso, it's an ecological disaster
- __alexs 6y agoBut at least it's an interesting ecological disaster!
- fallat 6y agoPeople say Bitcoin, but really they mean the success of cryptocurrency. There are more mechanisms than just proof of work.
- LittlePeter 6y agoIf by more you mean one then I agree: proof of work and proof of stake. The other ones are too fringe.
- trident5000 6y agoMuch energy usage would be an "ecological disaster" if you categorized it as unnecessary, which most things are. Do you REALLY need AC? Do you really need to watch dumb rendered internet videos?
- darkcha0s 6y agoAC has a real world use of cooling down a house; Bitcoin doesn't. That is a horrible comparison. TikTok or Youtube videos might be more akin, but even then people are creating content which others are willing to consume. BTC is literally just a transfer of value, which could be done with much less power spent.
- ayemiller 6y agoCan transfer of value be done with much less power spent (especially if decentralized)? If it there is a superior alternative, wouldn't you be referencing it by name?
- darkcha0s 6y agoWhy does it need to be decentralized? That's you shoehorning crypto-anarchism into the equation. I am fine with a centralized currency, just as I am with a centralized group of people making critical decisions for the country (governments).
- trident5000 6y agoYes it is known that Bitcoin doesnt cool a house. Thank you for pointing that out captain obvious. Its purpose is to stop central banks from destroying peoples lifelong labor they sacrificed their time and health for. Ill leave it to you to invent the secure system that uses less power since nobody else seems to be able to figure it out. If you know of a way, please specify step by step in detail and how to roll that out effectively.
- darkcha0s 6y agoAs I mentioned into the other comment- you are shoehorning decentralism into the topic. Not everyone has the belief that central banks are destroying peoples lives; or at least most will recognize the role it plays in keeping a relatively stable economy.
- UncleMeat 6y agoFirst, people do complain a lot about people running their AC at 72 in the summer. But more critically, there isn’t an alternative to AC that uses six orders of magnitude less energy.
- a_hard_time 6y ago> there isn’t an alternative to AC that uses six orders of magnitude less energy. There are many alternatives to AC which can solve the same problems - but they are less effective and convenient. As it stands right now, there are alternatives to proof of work. However, they are not nearly as time-tested, and many of them compromise on security in order to score that big eco win. Comparing proof of work and proof of stake, as if they are 1:1 comparisons, is not accurate in the slightest. One is clearly inferior in terms of its carbon footprint, but when the function of the technology is transacting and storing value that should not be the primary concern.
- trident5000 6y agoThere isnt an alternative to btc either. If you know of it please explain in detail how it works step by step. Eth2.0 aint it.