3 ms·
> solving virtually no problem other than avoiding laws about the movement of money and capital This is a tremendously valuable problem to solve for some.
by ollieglass 4y ago
> solving virtually no problem other than avoiding laws about the movement of money and capital
This is a tremendously valuable problem to solve for some.
- jmyeet 4y agoBut at what cost? This [1] estimates the annual Bitcoin energy consumption at 145TWh. If the Bitcoin network were a country it would rank 25 in the world by energy consumption [2]. The cost of that electricity is hard to estimate but if you use a ballpark of $0.10/kWh that puts the cost of the Bitcoin network at almost $15 billion annually just for the electricity. [1]: https://ccaf.io/cbeci/index https://ccaf.io/cbeci/index [2]: https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption https://en.wikipedia.org/wiki/List_of_countries_by_electrici...
- deleted 4y ago[deleted]
- rodgerd 4y agoYes, it's certainly provided North Korea with a reliable flow of funds for their nuclear weapons program.