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1% of global energy consumption is fkin huge, given that nothing of value is produced.
by denton-scratch 5y ago
1% of global energy consumption is fkin huge, given that nothing of value is produced.
- matheusmoreira 5y agoI partially agree with you. It's true that bitcoin is not producing anything of value. It failed at everything. It's not a currency, it's not decentralized, it's not fungible, it's not untraceable and anonymous. It's nothing. That energy would be much better spent mining monero which does have all of those properties.
- denton-scratch 5y agoMonero is untraceable and anonymous only insofaras you have confidence in their tumbler/aggregation functionality. But at least it's meant to be anonymous and untraceable; bitcoin isn't. Monero isn't fungible in any sense that distinguishes it from BTC. I believe Monero is less profligate with the environment than BTC or ETH, but I can't cite.