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The people mining bitcoin are clearly getting value from it. Maybe it doesn't have a use for you in your life, but obviously for a lot of people it does, and n
by imgabe 4y ago
The people mining bitcoin are clearly getting value from it.
Maybe it doesn't have a use for you in your life, but obviously for a lot of people it does, and not just as speculation. If it was not providing benefit to people, they wouldn't be using it.
Unilaterally declaring something "waste" because it's not of use to you personally is pretty small-minded.
- Euphorbium 4y agoUnilaterally declaring something not a waste, because it only harms the 99.99% is pretty small minded of you.
- wmf 4y agoI'm not making a personal judgement. PoW is wasteful relative to PoS just like incandescent light bulbs are wasteful compared to LEDs.
- mw888 4y agoThe two are fundamentally different. PoS is less secure on a deeper level, you can accumulate stake with no barriers - cheap energy (and that’s just the first step) not so much.
- thedrbrian 4y agohow many are using it compared to those hodling? And how many are using it at 3 TPS?