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It's reasonable to evaluate the usefulness of a system by weighing the resources it consumes against the valuable output it produces. In Bitcoin's case the valu
by amptorn 5y ago
It's reasonable to evaluate the usefulness of a system by weighing the resources it consumes against the valuable output it produces. In Bitcoin's case the valuable output is around 10 financial transactions per second, and the resource it consumes is enough energy to power the Netherlands.
- ric2b 5y agoThe output also includes security/decentralization. I can handle a lot of transactions on my personal laptop, but how safe would they be?