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I like to point people to this page: https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/ The breakdown in
by johanvts 8mo ago
I like to point people to this page: https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/
The breakdown in cost pr. Transaction really drives home what a ludicrous system it is. Bitcoin is a fantastic example of a great invention put to horrible use.
- longitudinal93 8mo agoDoes that include transactions over the Lightning Network? If it doesn't then it's entirely meaningless.
- johanvts 8mo agoThe lightning network can handle transactions sure. Because it is not a distributed POW system. You can also just sell some BTC, transact via VISA or paypal etc., and buy BTC when you are done. Im not saying you can’t use BTC as a store of value. Just that transaction costs are way to high to use for payments/transactions i.e. as a currency.
- Ferret7446 8mo agoIt's the cost of impartiality. Just like the cost we pay for modern judicial systems which are very inefficient if you ignore the value of justice