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I've followed Stephen Diehl for awhile got the idea that he hated Bitcoin and proof of work because it's a climate change disaster for the amount of electricity
by okareaman 5y ago
I've followed Stephen Diehl for awhile got the idea that he hated Bitcoin and proof of work because it's a climate change disaster for the amount of electricity it uses. I feel he is sincere in that. I happen to agree with him, so maybe that makes him more credible to me.
- meowface 5y agoIt's a valid concern. Bitcoin could plausibly move to proof of stake at some point, though. And if it doesn't, there are still some PoS-based cryptocurrencies out there that won't have that problem, so disliking Bitcoin doesn't necessarily imply one should dislike all cryptocurrencies. From what I can tell, that's only one of his many criticisms, if you read his blog. I'm sure he's sincere about all of the criticisms, and I agree with many of them in a general sense, but I don't agree with the conclusions or the (IMO) hyperbolization.