|
|
|
|
|
by nosuchthing
3237 days ago
|
|
Bitcoins are not valuable because it requires extreme amounts of electricity to sustain each transaction. Most people are unaware of that detail. at the time of Malmo's piece, he calculated that a single
bitcoin transaction requires as much electricity as the
daily consumption of 1.6 American households, and that
number has increased since then. "Adopting Bitcoin as a
major currency anytime in the next few decades," he wrote,
"would just exacerbate anthropogenic climate change by
needlessly increasing electricity consumption until it's
too late."
Other distributed ledger networks have designs which offer the same service to users, and in many cases are vastly more efficient in terms of electrical usage and actual speed of transactions.Kidney stones are rare and require lots of work expended to find them. Don't confuse those precursors with establishing value. https://motherboard.vice.com/en_us/article/aek3za/bitcoin-co... |
|