3 ms·
Bitcoin really feels like a paperclip maximizer type situation.
by wincy 5y ago
Bitcoin really feels like a paperclip maximizer type situation.
- wyager 5y agoBitcoin resource consumption is bounded to demand for secure settlement - large, but not excessive. I would expect long-term Bitcoin resource consumption to correspond to less than 1% of human productive output (but probably more than 1% of power generation). How much of human productive capacity is spent on banking right now? Bitcoin will probably consume some fraction of that. It should be a net productivity win (assuming it sticks around).