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by bottlepalm
1064 days ago
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Yep computing the energy comparison we’re not going to figure out here, but if you’re right then it would mean that it would require less energy to attack Fort Knox and take their gold. If not that means Bitcoin requires less energy. So which is it? I’m going to store my value in the thing that’s harder to crack (which must mean it will require more energy, will it not?) |
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The point I was making is that I believe that the bitcoin value storage system burns more energy in a "passive" state, just keeping all the coins safe than the gold storage system, where security by obscurity is doing a lot of the work. As far as whether it takes more energy to mount a 51% attack on the bitcoin network or to rob Fort Knox, I don't know. That is a different and irrelevant question. I'm sure that the energy spent on the guards and A/C and everything for the building containing gold at Fort Knox must be far less than the energy usage of bitcoin, but that doesn't necessarily mean that it is easier to steal from Fort Knox and get away with it.