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> Less than bitcoin, while providing actual value? Value is subjective. What you call actual value has zero value to others.
by 1337biz 6y ago
> Less than bitcoin, while providing actual value?
Value is subjective. What you call actual value has zero value to others.
- IMTDb 6y agoThe difference is that the energy used by Netflix to stream content is a mean to an end. Find a way to reduce the energy cost and you can provide the same value for less cost. It is possible to both increase the value provided by Netflix and decrease the energy consumed by it. In fact it's even desirable. The energy consumed by Bitcoin is the entire value. Find a way to reduce the energy cost and everyone will mine more and consume more. If they don't the trust in the network decreases and the value of Bitcoin decreases. It is not possible to get a popular situation where bitcoin is valuable and does not consume a lot of energy. The valu of Bitcoin is strictly tied to the amount of electricity people are willing to waste for it.