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I'm sure the coal plants that were shutting down until crypto miners bought them is just pure FUD. And I guess Satoshi's paper on Bitcoin, which shows that Bit
by thaway2839 5y ago
I'm sure the coal plants that were shutting down until crypto miners bought them is just pure FUD.
And I guess Satoshi's paper on Bitcoin, which shows that Bitcoin is fundamentally run by whoever has the most CPU power, which has naturally triggered a CPU power arms race which has led to a corresponding increase in power consumption is also FUD.
(Once/if alternatives like Ethereum's Proof of Stake are the dominant force in crypto then yes, power consumption will not be a problem, but it is a very real problem now, and if it had simply been dismissed as FUD then solutions like Proof of Stake would never have been created).