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Doing so would certainly assuage climate change concerns without any huge damage to bitcoin itself, which has enough coins and coon subdivisions to operate succ
by flarg 4y ago
Doing so would certainly assuage climate change concerns without any huge damage to bitcoin itself, which has enough coins and coon subdivisions to operate successfully. Hopefully bitcoin will see the light and terminate further coin generation.
- spywaregorilla 4y agoYou can't use bitcoin without coin generation. Coin generation is what enables transactions at all.
- red_trumpet 4y agoAfaiu, generation of new coins is set to stop at some point in the future. This will not change the power consumption though, miners are still required to process transactions (which might become more expensive, because miners don't get "free" coins anymore)
- cableshaft 4y agoWell, not exactly. There's a hard limit to the coin generation. Although it won't hit that limit until around 2140[1]. Miners will still be incentivized to keep the network going thanks to transaction fees at that point. Assuming there's still a civilization and computers at that point, which seems to be a bit up in the air to me (although not because of bitcoin, because of several environmental tipping points we're reaching[2]). [1]: https://www.investopedia.com/bitcoin-halving-4843769 https://www.investopedia.com/bitcoin-halving-4843769 [2]: https://www.theguardian.com/environment/2022/sep/08/world-on-brink-five-climate-tipping-points-study-finds https://www.theguardian.com/environment/2022/sep/08/world-on...
- danuker 4y agoA much fairer law would tax all emissions. But the fossil lobby threw PoW under the bus as a red herring.