To put it in perspective, ~$1,000,000,000,000 USD is being secured by a decentralized system by using that much electricity. How much electricity/oil/other power is used by the US military to ensure the US government…
This is a dumb comparison. Bitcoin's energy consumption is necessary to secure a decentralized digital store of value. There is no alternative. It is electricity well spent. Accordingly, you're using the wrong…
Bill Gates is either disingenuous or he doesn't understand Bitcoin. The electricity isn't expended to do transactions. That's part of the system. The electricity is expended to ensure there are no double spends. It…
And you need to bootstrap your PoS system by enriching a bunch of insiders so that they can validate your transactions. PoS systems are unfit for being the decentralized digital store of value. Bitcoin has the most fair…
This isn't true. You don't understand Bitcoin. Proof of work is the only way to secure a decentralized system like Bitcoin's. Proof of stake requires trust in a group of validators. An oligopoly of sorts. A proof of…
You don't understand Bitcoin. Bitcoin is being monetized now. It will be volatile until it reaches a value much much much higher than the value that it is now. It provides a refuge for everyone in the world to escape…
You don't understand Bitcoin. It is a system to remove human greed from the equation. However, currently we are in the monetization stage. People will get rich. Greed will prevail and it jump starts the system. The…
To put it in perspective, ~$1,000,000,000,000 USD is being secured by a decentralized system by using that much electricity. How much electricity/oil/other power is used by the US military to ensure the US government…
This is a dumb comparison. Bitcoin's energy consumption is necessary to secure a decentralized digital store of value. There is no alternative. It is electricity well spent. Accordingly, you're using the wrong…
Bill Gates is either disingenuous or he doesn't understand Bitcoin. The electricity isn't expended to do transactions. That's part of the system. The electricity is expended to ensure there are no double spends. It…
And you need to bootstrap your PoS system by enriching a bunch of insiders so that they can validate your transactions. PoS systems are unfit for being the decentralized digital store of value. Bitcoin has the most fair…
This isn't true. You don't understand Bitcoin. Proof of work is the only way to secure a decentralized system like Bitcoin's. Proof of stake requires trust in a group of validators. An oligopoly of sorts. A proof of…
You don't understand Bitcoin. Bitcoin is being monetized now. It will be volatile until it reaches a value much much much higher than the value that it is now. It provides a refuge for everyone in the world to escape…
You don't understand Bitcoin. It is a system to remove human greed from the equation. However, currently we are in the monetization stage. People will get rich. Greed will prevail and it jump starts the system. The…