Re:Bitcoin consumed 134 TWh in total during 2021
by walkhour on Sunday January 02, 2022 @02:23PM
(#29772588)
Bitcoin is more successful mainly due to network effects and proven security, Bitcoin has withstood more attacks than any other cryptocurrency.
Re:Bitcoin consumed 134 TWh in total during 2021
by ohgodplsno on Sunday January 02, 2022 @01:29PM
(#29771863)
Because they don't give a single shit about the technology of it. All they're happy about is that their speculative asset keeps going up. They're grifters.
Re:Bitcoin consumed 134 TWh in total during 2021
by bidirectional on Sunday January 02, 2022 @12:53PM
(#29771335)
This is what I find strangest. At least coins like Ethereum and Solana have entire ecosystems of complex projects being built up around them (no matter how skeptical one may be of those projects), Bitcoin seems like an incredibly spartan ecosystem with basically one use, and the sole advantage of being first.
Re:Bitcoin consumed 134 TWh in total during 2021
by nadahalli on Sunday January 02, 2022 @02:54PM
(#29773008)
That's the entire point. Bitcoin has just one use case, and it's very inefficient design is tailor-made for that one use case.
Alt-coins have use cases that can all be solved by AWS. The inefficient design is er....inefficient for those applications.
Re:Bitcoin consumed 134 TWh in total during 2021
by landemva on Sunday January 02, 2022 @03:32PM
(#29773502)
Solana is a VC-backed centralized money grab.
Re:Bitcoin consumed 134 TWh in total during 2021
by elliotec on Sunday January 02, 2022 @12:58PM
(#29771411)
Because it was first, and the word itself has permeated the psyche of society in ways that the other currencies haven't. People who know nothing at all about crypto buy into BTC because they've heard of it and heard it turns into money.
I’d just as soon see it all go up in smoke. But why does BTC reign?