Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day...
by SamBam on Monday February 15, 2021 @09:28PM
(#26150263)
> its energy usage does not scale with adoption
And yet it has scaled, drastically, hundreds-fold over the past few years.
You could say that it scales with the price, which is true, but tell me with a straight face that if seven billion people started buying BitCoin that wouldn't affect its price to an extraordinary degree.
> Lightning Network
The magic words that have said every time energy is mentioned for the past six year, supposedly making us ignore the energy BitCoin is actually using.
And yet it has scaled, drastically, hundreds-fold over the past few years.
You could say that it scales with the price, which is true, but tell me with a straight face that if seven billion people started buying BitCoin that wouldn't affect its price to an extraordinary degree.
> Lightning Network
The magic words that have said every time energy is mentioned for the past six year, supposedly making us ignore the energy BitCoin is actually using.