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More than 95% of cryptocurrencies are not energy sensitive. This is very misinformed. When people think cryptocurrencies they think Bitcoin which is rapidly fal
by miohtama 5y ago
More than 95% of cryptocurrencies are not energy sensitive. This is very misinformed. When people think cryptocurrencies they think Bitcoin which is rapidly falling in market share.
- x86_64Ubuntu 5y ago95% is kind of misleading as there are so many shitcoins. I would be more concerned about the energy profile of the TOP X coins by market cap.
- miohtama 5y agoFrom top 10 blockchains by market cap eight are not energy sensitive. Ethereum will stop proof of work this year. So it will only leave Bitcoin to be the carbon monster. Also, by the usage and transaction volume Bitcoin is already behind Ethereum and others, so it is no longer even top 1 and has been falling against others for the last 4 years. https://twitter.com/evan_van_ness/status/1471643651608649728?t=cE3-8NrQyGAK8kIqICwvCA&s=19 https://twitter.com/evan_van_ness/status/1471643651608649728...
- NicoJuicy 5y agoThey aren't wasteful because they are hardly used. 95% of 10 k. Coins. 66% still buys mainly Bitcoin
- capableweb 5y agoIs that true? I don't doubt you, just haven't seen any numbers pointing towards that being true is all. If you have some resources I can check out, I'd be very grateful. In terms of "Total Market Capitalization", Bitcoin currently sits around ~39%[1], which feels unlikely if "66% still buys mainly Bitcoin". But again, you could be right. - [1] - https://coinmarketcap.com/charts/ https://coinmarketcap.com/charts/
- NicoJuicy 5y agoI got it from a research per US holder: https://finance.yahoo.com/news/half-us-bitcoin-holders-got-175042223.html https://finance.yahoo.com/news/half-us-bitcoin-holders-got-1...
- capableweb 5y agoWhich assumes both that everyone owning Bitcoin are from the US and that everyone using Bitcoin self-report their ownership. I can ensure you the number looks very different in reality.
- TomSwirly 5y agoYour assurance, as a cryptocurrency advocate, has less than zero value.
- miohtama 5y agoEthereum alone transfers 35B daily vs. Bitcoin 20B daily, so this statement is absolutely false and Bitcoin is not even number one in the usage. https://twitter.com/evan_van_ness/status/1471643651608649728?t=cE3-8NrQyGAK8kIqICwvCA&s=19 https://twitter.com/evan_van_ness/status/1471643651608649728...
- lostmsu 5y agoEthereum is PoW too at least until some undetermined moment in future.
- TomSwirly 5y ago> More than 95% of cryptocurrencies are not energy sensitive. Way more than 95% of the 8900 cryptocurrencies are jokes, like CumRocket.