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A comment on Mozilla's call for cryptocurrency donations angers founder. Parent comment

Re:Mozilla's call for cryptocurrency donations angers founder by miohtama on Thursday January 06, 2022 @02:51AM (#29820612)
More than 95% of cryptocurrencies are not energy sensitive. This is very misinformed. When people think cryptocurrencies they think Bitcoin which is rapidly falling in market share.
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Re:Mozilla's call for cryptocurrency donations angers founder by x86_64Ubuntu on Thursday January 06, 2022 @03:00AM (#29820675)
95% is kind of misleading as there are so many shitcoins. I would be more concerned about the energy profile of the TOP X coins by market cap.
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Re:Mozilla's call for cryptocurrency donations angers founder by miohtama on Thursday January 06, 2022 @09:51AM (#29824184)
From top 10 blockchains by market cap eight are not energy sensitive. Ethereum will stop proof of work this year. So it will only leave Bitcoin to be the carbon monster.

Also, by the usage and transaction volume Bitcoin is already behind Ethereum and others, so it is no longer even top 1 and has been falling against others for the last 4 years.

https://twitter.com/evan_van_ness/status/1471643651608649728...

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Re:Mozilla's call for cryptocurrency donations angers founder by NicoJuicy on Thursday January 06, 2022 @03:10AM (#29820731)
They aren't wasteful because they are hardly used.

95% of 10 k. Coins. 66% still buys mainly Bitcoin

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Re:Mozilla's call for cryptocurrency donations angers founder by miohtama on Thursday January 06, 2022 @09:42AM (#29824065)
Ethereum alone transfers 35B daily vs. Bitcoin 20B daily, so this statement is absolutely false and Bitcoin is not even number one in the usage.

https://twitter.com/evan_van_ness/status/1471643651608649728...

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Re:Mozilla's call for cryptocurrency donations angers founder by lostmsu on Thursday January 06, 2022 @10:34AM (#29824820)
Ethereum is PoW too at least until some undetermined moment in future.
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Re:Mozilla's call for cryptocurrency donations angers founder by capableweb on Thursday January 06, 2022 @03:21AM (#29820804)
Is that true? I don't doubt you, just haven't seen any numbers pointing towards that being true is all. If you have some resources I can check out, I'd be very grateful.

In terms of "Total Market Capitalization", Bitcoin currently sits around ~39%[1], which feels unlikely if "66% still buys mainly Bitcoin". But again, you could be right.

- [1] - https://coinmarketcap.com/charts/

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Re:Mozilla's call for cryptocurrency donations angers founder by NicoJuicy on Thursday January 06, 2022 @03:56AM (#29821027)
I got it from a research per US holder: https://finance.yahoo.com/news/half-us-bitcoin-holders-got-1...
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Re:Mozilla's call for cryptocurrency donations angers founder by capableweb on Thursday January 06, 2022 @05:02AM (#29821555)
Which assumes both that everyone owning Bitcoin are from the US and that everyone using Bitcoin self-report their ownership.

I can ensure you the number looks very different in reality.

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Re:Mozilla's call for cryptocurrency donations angers founder by TomSwirly on Thursday January 06, 2022 @08:16AM (#29823153)
Your assurance, as a cryptocurrency advocate, has less than zero value.
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Re:Mozilla's call for cryptocurrency donations angers founder by TomSwirly on Thursday January 06, 2022 @08:16AM (#29823145)
> More than 95% of cryptocurrencies are not energy sensitive.

Way more than 95% of the 8900 cryptocurrencies are jokes, like CumRocket.

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