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"I believe strongly that a monetary system that's provably scarce, programmable, completely decentralized, permission-less, trustless, higly divisible, borderle

• bitcoinmonger 5y ago
  Why is this being downvoted? There needs to be a conversation about the inefficient energy usage of Bitcoin. Are we just going to ignore it?
• Brian_K_White 5y ago
  That is an implementation detail of bitcoin, not a fundamental aspect of cryptocurrency. Bitcoin is cryptocurrency 1.0, or proof of concept, and the concept is well and truly proven. Developing others which operate more efficiently than the proof-of-concept or 1.0 version, or even than the existing banks and credit card exchanges is just engineering and iteration, and hardly a great leap of imagination or faith.
  • lottin 5y ago
    The only concept that is well and truly proven is that of an expensive and barely usable payment system with a colossal environmental cost. Everything else is vaporware, as of today.
    • Brian_K_White 5y ago
      What's proven is that a ledger that no one owns, yet evereyone can trust, is possible.
  • blaser-waffle 5y ago
    It's an implementation detail of the blockchain Any currency seeing moderate amounts of use and speculation is going to rapidly start sucking up power.
    • kodah 5y ago
      That's not correct. There's proof of work (what you're talking about), proof of stake (much more efficient, different purpose), and proof of history (more time centric). These narratives about power and emissions are narratives with an agenda. The agenda may be good in nature, but don't mistake them for accurate or precise.