4 ms·
Cryptocurrencies are pretty green besides bitcoin and ethereum
by baby 5y ago
Cryptocurrencies are pretty green besides bitcoin and ethereum
- randomhodler84 5y agoAlso worthless, because they just keep printing them and giving them away to VCs, who then sucker engineers into building em a product/ecosystem. You will see it eventually David!
- cbozeman 5y ago> Also worthless, because they just keep printing them and giving them away to VCs You literally just described what's happened with fiat currencies in the past decade. Endless printing of money and giving it away to big banks. I guess you'll see it eventually randomhodler84.
- EdwardDiego 5y agoExcept fiat currencies have a value in the market based on the economies of the countries that issue them. I have yet to see a cryptocurrency that has a value in the market based on anything other than "a bigger fool might come along".
- mattwilsonn888 5y agoI guess you don't understand what value the seal of approval a dollar has - for that is what Bitcoin generates but without the backdoor devaluation and cronyism of private banking.
- EdwardDiego 5y agoSorry, that sentence doesn't make much sense as it is, could you please expand on it?
- mattwilsonn888 5y agoWhy don't you start by explaining what you are confused on?
- randomhodler84 5y agoI know, that is why I am bullish on Bitcoin and bearish on shitcoins.
- eru 5y agoThe relevant metric is probably something like electricity spend (or ton of CO2 emitted) per dollar of economic value created. Bitcoin and ethereum burn a lot of electricity, but they are also worth a lot.
- 7steps2much 5y agoHowever, one could argue that a proof of stake Ethereum (for example) would still be worth as much while at the same time drastically reducing the amount of CO2 emitted. So if we measure it that way then moving away from proof of work should be the way to make everyone happy? No more crypto miners buying graphics cards, far less CO2 emissions, crypto retains it's value since most owners don't really care about how it is made anyways and only see it as an investment opportunity.
- eru 5y agoYes, if proof of stake can be made to work as advertised. (Modulo some unforeseen consequences, of course.)