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A comment on Over 2 percent of the US's electricity generation now goes to Bitcoin. Parent comment

Re:Over 2 percent of the US's electricity generation now goe... by randomNumber7 on Friday February 02, 2024 @03:57PM (#39234270)
It burns the energy as a proof, its not just doing it because its badly designed.

The reason most money goes into bitcoin is probably, that people consider it safer than proof of stake.

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Re:Over 2 percent of the US's electricity generation now goe... by everfree on Friday February 02, 2024 @04:07PM (#39234415)
Let's not kid ourselves, bitcoin's dominance is due to network effect. Nobody understands blockchains.
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Re:Over 2 percent of the US's electricity generation now goe... by randomNumber7 on Friday February 02, 2024 @04:22PM (#39234598)
The original bitcoin paper is an easy read.

How proof of stakes is fire proof is harder to understand, and the information I found did not 100% convince me (not an expert in cryptography so doesnt mean much)

I never put money into crypto btw. Its just gambling right now imo.

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