Re:CBS's Showtime caught mining crypto-coins in viewers' web...
by ekianjo on Tuesday September 26, 2017 @07:08AM
(#15337638)
Because you think fiat currencies have no associated energy consumption?
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Re:CBS's Showtime caught mining crypto-coins in viewers' web...
by TeMPOraL on Tuesday September 26, 2017 @07:17AM
(#15337686)
They do. But in management of fiat currencies, it's understood that energy expenditure is an upkeep that is to be reduced. In cryptocurrencies, on the other hand, energy use is a "feature" that's intended to grow over time.
Or put differently, cryptocurrencies are trying to replace a system that's O(log n) with respect to energy with a system that's O(n^2), for questionable and mostly imaginary benefit of trustless payments.