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They aren't wasteful because they are hardly used. 95% of 10 k. Coins. 66% still buys mainly Bitcoin

• capableweb 5y ago
  Is 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 ago
    I 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 ago
      Which 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 ago
        Your assurance, as a cryptocurrency advocate, has less than zero value.
• miohtama 5y ago
  Ethereum 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 ago
    Ethereum is PoW too at least until some undetermined moment in future.