Do we really need to run a power station just for Bitcoin?

Re:Do we really need to run a power station just for Bitcoin? by loarake on Tuesday November 19, 2013 @11:40AM (#6762328)

I don't get the argument. The power requirement of running the entire world's monetary infrastructure is probably much bigger, no?

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Re:Do we really need to run a power station just for Bitcoin? by jason_neylon on Tuesday November 19, 2013 @11:42AM (#6762345)

Yep that is true. The author discusses this here: http://www.oditorium.com/ou/2013/04/krugman-bitcoin-resource...

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Re:Do we really need to run a power station just for Bitcoin? by dllthomas on Tuesday November 19, 2013 @12:01PM (#6762504)

That's kind of a weird post - it conflates very different things. Mining burns power to protect against a specific class of attack, not any and all attacks. Bitcoin isn't magically immune to heists, and physical protection may be slightly easier (in that you don't need physical access as frequently) but no less necessary for large wallets.

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