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> problem with bitcoin is requiring too much energy use How much energy is the "right" amount? How does that compare to the amount of energy used for paper an
by adolph 1y ago
> problem with bitcoin is requiring too much energy use
How much energy is the "right" amount?
How does that compare to the amount of energy used for paper and coin?
Can any amount be more than the "right" amount as long as the cost of the energy is willing borne by the entities conducting the transaction?
- viraptor 1y agoETH (for example) at least sets a reasonable lower level of what's possible. BTC is just wasteful by comparison.
- KetoManx64 1y agoThere's a reason that ETH is barely hanging in there and will never catch up to Bitcoin. I doubt it will survive the next decade.
- viraptor 1y agoBarely hanging there? With the second largest market cap and 5th trade volume (for the coin itself, higher for the network)?
- fruitworks 1y agoIt is easy to save energy when you are OK with a lower level of decentralization. I could probably run a payment processor on my computer alone that handles 100k transactions per second. The proof of stake idea is like a ponzi scheme