3 ms·
This is the best defense of Bitcoin I have come across so far, makes some good points. Some takeaways: - Bitcoin's energy consumption is huge but so is Google'
by jdthedisciple 5y ago
This is the best defense of Bitcoin I have come across so far, makes some good points. Some takeaways:
- Bitcoin's energy consumption is huge but so is Google's, Amazon's or even the regular banking system's; and it's not even that huge when put into perspective on a global scale
- Bitcoin's energy consumption is just the price paid in exchange for decentralisation and security
- Upper layer networks such as Lightning allow for much speedier BTC transactions
- Bitcoin in part uses energy that might otherwise have gone to waste
- Bitcoin may in part replace energy usage in other areas
-...