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Of course it’s a valid metric. The whole point of this is that most crypto is not used to transact, but to speculate, and so a high price and therefore high car
by qeternity 5y ago
Of course it’s a valid metric. The whole point of this is that most crypto is not used to transact, but to speculate, and so a high price and therefore high carbon footprint with a low transaction throughput is often the whole point of these analyses.
- shawnz 5y agoTransactions aren't the only thing which makes cryptocurrencies useful, and even then, cryptocurrency transactions aren't directly comparable to each other or to transactions in traditional financial systems since they can have a much different risk profile. Furthermore it's not obvious that increased transaction rates are necessary yet in most cryptocurrencies and so it might not make sense to optimize for that yet. There is no point encouraging frivolous data to be added to the blockchain permanently if the demand to make useful transactions isn't there yet.