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It depends on what you value. If you value energy efficiency, Bitcoin is extremely wasteful for sure. However if you value freedom/decentralization, it isn't.
by can16358p 5y ago
It depends on what you value. If you value energy efficiency, Bitcoin is extremely wasteful for sure.
However if you value freedom/decentralization, it isn't. (I know about the debatable parts of decentralization and Bitcoin but you probably got the main idea)
- xg15 5y ago> However if you value freedom/decentralization, it isn't. Then your passion for freedom has to grow in lockstep with the Bitcoin market cap, because this is what tracks the actual cost per unit of work with Bitcoin. Also note who has to bear the cost: PoW resource waste is something that affects everyone, even if only a small group perceives it as valuable.
- can16358p 5y agoWell a total economic revolution isn't going to happen overnight. It will take many more years if that's going to happen, and where it's going, even with all the scalability and PoW/waste problems, is still in the right direction given today's economic system.