Re:Bitcoin mining is being banned in countries across the globe
by naraga on Monday January 10, 2022 @02:53PM
(#29880985)
on which layer? Bitcoin base layer has 7 TPS for which is able to guarantee its security properties. if you want to have fair comparison than maybe interbank settlements is close to what we are talking about. once we are talking about VISAs and Venmos we should pull Lightning network into discussion for which base layer provides security anchor.
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Re:Bitcoin mining is being banned in countries across the globe
by dragontamer on Monday January 10, 2022 @04:46PM
(#29883107)
Any and all layers.
Bitcoin is miniscule, far smaller than the US Dollar. Do whatever you want to make BTC as big as possible. Artificially inflate the value and scope of BTC as much as you wish.
It won't be anything close to the US Dollar. And yet, the electricity usage of BTC is absolutely colossal.
Re:Bitcoin mining is being banned in countries across the globe
by naraga on Monday January 10, 2022 @06:07PM
(#29884316)
More the better. Makes me sleep good at night knowing my money are secured by the wall of energy. Also, mining is competitive business and more miners every day going off-grid plugging to energy source that would have been otherwise strained (solar, wind, hydro, flared gas, ..).