Re:Bitcoin consumes 2nd highest electricity per capita
by wincy on Wednesday September 15, 2021 @05:25PM
(#28544584)
Bitcoin really feels like a paperclip maximizer type situation.
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Re:Bitcoin consumes 2nd highest electricity per capita
by wyager on Wednesday September 15, 2021 @07:25PM
(#28545775)
Bitcoin resource consumption is bounded to demand for secure settlement - large, but not excessive. I would expect long-term Bitcoin resource consumption to correspond to less than 1% of human productive output (but probably more than 1% of power generation). How much of human productive capacity is spent on banking right now? Bitcoin will probably consume some fraction of that. It should be a net productivity win (assuming it sticks around).