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> The amount of energy consumed by the network will continue to increase, as it should, as it secures more wealth. this is very apt. after exhausting the worl
by gfody 5y ago
> The amount of energy consumed by the network will continue to increase, as it should, as it secures more wealth.
this is very apt. after exhausting the worlds resources guarding our money from each other maybe we'll reflect that it was money that was the bad idea and bitcoin was just an implementation detail
- masegod 5y agoBitcoin consumes far less energy than gold or banking at full adoption, Overall this is an environmental improvement.
- Quindecillion 5y agoMoney is just a psychological-technology that vastly improves efficiency of trade. It's not exactly feasible to return to a barter system, unless you have some other way of solving the "double coincidence of wants" problem? One of the innovations of Bitcoin is that it serves purely as a monetary good, so there's no other demand for it outside of it serving its role as money. Counter that with gold which has many other applications. To be fair, fiat achieved this too, but it came with disastrous trade-offs...