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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 fin
by 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 agoThey 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 agoIs 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 agoYes 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?