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A comment on U.S. regulators exploring how banks could hold Bitcoin – FDIC Chairman. Parent comment

Re:U.S. regulators exploring how banks could hold Bitcoin – ... by arcticbull on Tuesday October 26, 2021 @05:14PM (#29006332)
Writing a few bytes into a ledger is consuming 0.5% of global energy, but of course it's also consuming a country worth of power and generating a country of e-waste. So far, and that's just limited by the current price. Its trajectory is clear. [1]

[1] https://digiconomist.net/bitcoin-energy-consumption

[ Parent | on HN ]
Re:U.S. regulators exploring how banks could hold Bitcoin – ... by matheusmoreira on Tuesday October 26, 2021 @05:33PM (#29006573)
That energy is supposed to buy us something. A distributed ledger which is supposed to provide us valuable qualities such as anonymity, uncensorability, total economic freedom in general.

The problem is bitcoin has failed to deliver on these promises. It truly is a tragedy that so much energy is being wasted on BTC specifically. It should be redirected towards Monero.

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