The utopian currency Bitcoin is a potentially catastrophic energy guzzler(theconversation.com)

4 pointsby nullobject9 anni fa3 comments

The utopian currency Bitcoin is a potentially catastrophic energy guzzler

https://theconversation.com/the-utopian-currency-bitcoin-is-a-potentially-catastrophic-energy-guzzler-88871

3 comments

kneel9 anni fa

>In essence, the creation of a new Bitcoin requires the performance of a complex calculation that has no value except to show that it has been done.

This is incorrect, the massive amount of electricity that goes into cooperative bitcoin hashing also contributes towards the security of bitcoin. It would take, at minimum, an equally massive amount of electricity to compromise the network.

mhurd9 anni fa

I think the point is, there are alternatives...

billions9 anni fa

How much energy does it cost to build, power, and commute to bank office buildings?

juicyfroot9 anni fa

[deleted]9 anni fa