Re:Cambridge Bitcoin Electricity Consumption Index
by wil421 on Wednesday February 10, 2021 @09:51AM
(#26089859)
Bitcoin is over a decade old by now. It’s certainly not become a revolutionary technology and is not in its infancy.
Re:Cambridge Bitcoin Electricity Consumption Index
by louwrentius on Wednesday February 10, 2021 @10:02AM
(#26090035)
Fully agree, I bet somebody will reply that Bitcoin is like the early internet soon...
https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu...
Re:Cambridge Bitcoin Electricity Consumption Index
by lottin on Wednesday February 10, 2021 @10:00AM
(#26090008)
Do you have any idea about what 'finance' is? Shuffling money around is not finance.
Re:Cambridge Bitcoin Electricity Consumption Index
by rodiger on Wednesday February 10, 2021 @05:24PM
(#26095633)
Do you know what Aave is or any of the other decentralized finance protocols?
Also: "the management of large amounts of money, especially by governments or large companies" it literally is shuffling money around.
Re:Cambridge Bitcoin Electricity Consumption Index
by lottin on Thursday February 11, 2021 @09:42AM
(#26101914)
Good luck!
Re:Cambridge Bitcoin Electricity Consumption Index
by davidgerard on Monday February 15, 2021 @08:11AM
(#26142379)
> potentially revolutionary
this seems to mean "not actually revolutionary" in practice
Now, the very first implementation (Bitcoin) kinda sucks, like most technologies in their first versions. But there are newer generations, each more interesting, and each unlocking more possibilities. We are for example getting:
* No-autority enforcement of contracts (Ethereum).
* A distributed computation (operating) system (EOS).
* Decentralised finance, for example lending platforms (AAVE).
* Cash-like payment system suitable for real-world payments (Monero).
We're only eleven years in so it's a bit too early to say if it's all rubbish or if it will change the world.