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No, it’s not. Considering it as an alternative at the current FIAT system consume way less and it’s way more secure than the not “climate arson” PoS oligarchy.
by sMarsIntruder 3y ago
No, it’s not. Considering it as an alternative at the current FIAT system consume way less and it’s way more secure than the not “climate arson” PoS oligarchy.
- Devasta 3y agoThe fiat system is used by the entire global economy, bitcoin uses more Energy than my country (Ireland) and probably couldn't serve the needs of a country 5% its size.
- sMarsIntruder 3y agoIt can scale consuming the same amount of energy. But you already know that. BTW you’re always focusing on this energy consumption topic that you’re becoming annoying. Do pls your own research: there are thousands of situations that benefit on a daily basis of using PoW as energy store of value. Not in the west world where you live, obviously.
- Devasta 3y agoThe amount of energy consumed is a function of the price of the crypto. The more people who use Bitcoin the higher the demand (and hence price) for Bitcoin becomes, making it financially viable to pump even more computing power into mining for coins. You find it annoying that people bring up the energy consumption because you know you don't have a fix for it.