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Square and Square Crypto both form Jack Dorsey, have done a lot for this space already. Bitcoin mining farms will always look for the cheapest energy. If that

Square and Square Crypto both form Jack Dorsey, have done a lot for this space already. Bitcoin mining farms will always look for the cheapest energy. If that is in a remote oil rig location where methane needs to be flared, or near a hydro power centre, or in a desert next to a bunch of solar panels. But yeah, if there is an excess of coalplant energy that will do as well. I don’t really understand the hate ₿ gets for this. The existing alternatives (fiat currencies) are way more polluting, minus the dependable know inflation.

jtsiskin 5y ago
The existing alternatives are other cryptocurrencies, not fiat.
kwyjobojoe 5y ago
Yes I in particle hate how when I buy groceries thousands of computers worldwide have to burn electricity running trillions of wasted computations aiming to find the correct random sequence that allows the retailer to accept my $50
- lowkey 5y ago
  They are using the Bitcoin Lightning network - a layer 2 solution that uses orders of magnitude less energy than standard Bitcoin. Based on your comment history I can see you have a habit of hating on cryptocurrencies but it would be nice if you could at least get your facts straight.
  - snypher 5y ago
    Is this like saying "I'm riding a public transit bus, it's already driving this way, so I'm not adding to usage or load"? Lightning network relies on layer 1 nodes, right? So unless it reduces the load on the old dirty Bitcoin network, it's just lipstick.
    - lowkey 5y ago
      Yes it is similar to the comparison between a single driver vehicle vs 50 people in a bus except Lightning can scale massively - to Visa/MasterCard country-level scale vs 6-7 tx/sec on Bitcoin layer 1. If you can process 1 million times as many transactions per mined block that make it an innovative scaling solution - not sure I understand the lipstick analogy. Care to elaborate?

jtsiskin 5y ago

The existing alternatives are other cryptocurrencies, not fiat.

kwyjobojoe 5y ago

Yes I in particle hate how when I buy groceries thousands of computers worldwide have to burn electricity running trillions of wasted computations aiming to find the correct random sequence that allows the retailer to accept my $50

lowkey 5y ago
They are using the Bitcoin Lightning network - a layer 2 solution that uses orders of magnitude less energy than standard Bitcoin. Based on your comment history I can see you have a habit of hating on cryptocurrencies but it would be nice if you could at least get your facts straight.
- snypher 5y ago
  Is this like saying "I'm riding a public transit bus, it's already driving this way, so I'm not adding to usage or load"? Lightning network relies on layer 1 nodes, right? So unless it reduces the load on the old dirty Bitcoin network, it's just lipstick.
  - lowkey 5y ago
    Yes it is similar to the comparison between a single driver vehicle vs 50 people in a bus except Lightning can scale massively - to Visa/MasterCard country-level scale vs 6-7 tx/sec on Bitcoin layer 1. If you can process 1 million times as many transactions per mined block that make it an innovative scaling solution - not sure I understand the lipstick analogy. Care to elaborate?