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Yes. Also, "Waste" is a subjective term. Your computer is solving the problem of trust between humans. That's not a waste to me. It's certainly less wasteful th
by Lambdanaut 13y ago
Yes. Also, "Waste" is a subjective term. Your computer is solving the problem of trust between humans. That's not a waste to me. It's certainly less wasteful than the energy that goes into hosting servers for popular MMORPGs.
- thinkcomp 13y agoAs the rest of the essay indicates, the problem of trust is hardly "solved." I'll grant that it's an attempt to solve the problem, but the end result is Ponzi-scheme-level risk of losing everything for a given holder of value in Bitcoin.