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I don't agree that PoW's massive energy consumption is excused by your argument, but it is true that for every employee an enterprise has to employ to provide i
by CryptoPunk 6y ago
I don't agree that PoW's massive energy consumption is excused by your argument, but it is true that for every employee an enterprise has to employ to provide its goods/services, there's massive associated energy consumption.
I remember reading that the extra food that a cyclist consumes, and the energy required to grow and transport it, far exceeds the energy that is used by a bus per passenger.
Humans are high maintenance machines, and cryptocurrency, in automating previously manual processes done by humans, could potentially result in major energy savings. But not in Bitcoin's iteration, where it's consuming as much energy as whole countries, to process only 300,000 transactions a day.