Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme
by Devasta on Wednesday December 22, 2021 @08:48AM
(#29649224)
How do I opt out of the massive amounts of electronic waste and carbon emissions from Bitcoin?
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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme
by TacticalCoder on Wednesday December 22, 2021 @08:57AM
(#29649320)
You switch to a coin that uses proof-of-stake?
Several of the totally OG cryptographers, like Chaum or Micali, have created blockchains that are using PoS (Micali is behind Algorand and Chaum behind an upcoming "elixxir" coin I think, forgot the name).
Of course there's also Ethereum which is currently switching to PoS.
Cryptocurrencies haters better find another argument than "energy consumption" because I think the gigantic energy waste is coming to an end soon.
Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme
by Devasta on Wednesday December 22, 2021 @09:04AM
(#29649402)
Lol, Ethereum has been moving since 2014, and there are no plans for Bitcoin to move. The waste is here to stay so long as crypto is.
EDIT: Also, very insulting of you to assume I use crypto, I prefer to stick to filthy, worthless fiat thank you very much.
Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme
by elvatoloco123 on Wednesday December 22, 2021 @04:52PM
(#29655876)
Stop washing and drying your clothes. That uses more energy.
Bitcoin uses whatever energy is available. The answer is better laws