yunvme

10 ms·

1. 1.▲
   by yunvme 6y ago

   To put it in perspective, ~$1,000,000,000,000 USD is being secured by a decentralized system by using that much electricity. How much electricity/oil/other power is used by the US military to ensure the US government stays in powe
2. 2.▲
   by yunvme 6y ago

   This is a dumb comparison. Bitcoin's energy consumption is necessary to secure a decentralized digital store of value. There is no alternative. It is electricity well spent. Accordingly, you're using the wrong framework. Bitcoin&#
3. 3.▲
   by yunvme 6y ago

   And you need to bootstrap your PoS system by enriching a bunch of insiders so that they can validate your transactions. PoS systems are unfit for being the decentralized digital store of value. Bitcoin has the most fair launch any cryptocur
4. 4.▲
   by yunvme 6y ago

   This isn't true. You don't understand Bitcoin. Proof of work is the only way to secure a decentralized system like Bitcoin's. Proof of stake requires trust in a group of validators. An oligopoly of sorts. A proof of stake sys
5. 5.▲
   by yunvme 6y ago

   You don't understand Bitcoin. It is a system to remove human greed from the equation. However, currently we are in the monetization stage. People will get rich. Greed will prevail and it jump starts the system. The beauty of Bitcoin is