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> I don't see why the bitcoin case needs to be singled out any more than the yacht, private jet, gaming rig, or hell...even personal car cases. Because Bitcoin
by giantrobot 5y ago
> I don't see why the bitcoin case needs to be singled out any more than the yacht, private jet, gaming rig, or hell...even personal car cases.
Because Bitcoin literally is designed to waste electricity on proof of work. The Ethereum network has the processing power of a Raspberry Pi and wastes fantastic amounts of electricity to deliver that paltry power. Bitcoin alone uses more power than all of Google's operations.
I doubt that the total power used by the world's yachts and private jets per year is even half the power the Bitcoin network literally wastes.
- floatboth 5y agoEven worse: Bitcoin alone uses as much as the datacenter sector as a whole, not just Google.
- deleted 5y ago[deleted]
- exit 5y agoenergy is not wasted by proof of work, it is valuably expended to achieve the immutability of the ledger
- giantrobot 5y agoSorry, this is Poe's Law territory. I honestly can't tell if you're being sarcastic. A blockchain doesn't need some wasteful mechanism to be immutable. Boring old cryptographic signing does the same thing. But Bitcoin et al want their ludicrous "No one can be trusted! Except all the points of trust required to make the system works of course!" system.