Re:El Salvador adopts Bitcoin as official currency, first co...
by okl on Tuesday September 07, 2021 @02:04PM
(#28447826)
Check the numbers. Bitcoin is just not worth it's ecological footprint: https://digiconomist.net/bitcoin-energy-consumption
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Re:El Salvador adopts Bitcoin as official currency, first co...
by zsmi on Tuesday September 07, 2021 @02:49PM
(#28448417)
That's new to me. It seems the argument hinges on this fact, "Bitcoin could therefore theoretically handle around 220 million transactions annually."
I think the assumption that there will be no innovation in this space, optimizations will never decrease the amount of computing resources required for a bitcoin transaction, and nothing can be done, is probably incorrect.
Some prospects:
https://en.wikipedia.org/wiki/Bitcoin_scalability_problem#Ef...
Re:El Salvador adopts Bitcoin as official currency, first co...
by okl on Tuesday September 07, 2021 @03:05PM
(#28448580)
The pollution is happening right now. You must realize that appealing to a hypothetical future solution doesn't excuse us from our obligation to do things right in the present.
Re:El Salvador adopts Bitcoin as official currency, first co...
by lostmsu on Tuesday September 07, 2021 @07:09PM
(#28450969)
Can you outline how that could have worked for cars, trains, and all other automation, which were all extremely polluting and inefficient, and were slowly refined over a course of XX century?