4 ms·
It only has value because some hundreds of TWh/year are consumed and wasted to prop its transactions. Remove the real-world impact of energy consumption vs rewa
by piva00 4y ago
It only has value because some hundreds of TWh/year are consumed and wasted to prop its transactions. Remove the real-world impact of energy consumption vs rewards and there won't be anything left of value being consumed to prop BTC up, given that Proof-of-Stake (touted as the solution of environmental disaster of cryptocurrencies) won't be ever implemented in that protocol.
To be very reductive: it's a Ponzi-like built in burning a lot of electricity to check some random numbers.