Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge...
by jvanderbot on Thursday November 09, 2017 @03:00PM
(#15665390)
Of course the network could operate with less competition. But it is designed to incentivize participation.
The temptation to dominate the network / hash power inevitably produces high energy usage. Again, by design.
I'm not sure that's a liberal standpoint, and admitting the reality of some people associating bitcoin mining with "wasteful" energy usage is not a flaw in logic.
The temptation to dominate the network / hash power inevitably produces high energy usage. Again, by design.
I'm not sure that's a liberal standpoint, and admitting the reality of some people associating bitcoin mining with "wasteful" energy usage is not a flaw in logic.