Bitcoin price: 2013 “too expensive” 2014 “too expensive” 2015 “too expensive” 2016 “too expensive” 2017 “too expensive” 2018 “too expensive” 2019 “too expensive” 2020 “too expensive” 2021 “too expensive” Bitcoin is always “too expensive” for those who don’t believe.
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there's no plausible way to run even, say, visa, over bitcoin. maaaaaybe down the line on some proof of stake or proof of storage or proof of space-time system you can get higher throughput and less energy usage, but right now bitcoin is in addition to the financial sys
End of conversation
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but seriously we are on a terrible trajectory. best proxy in this data here is commercial buildings (all commercial buildings) at 6.6%.pic.twitter.com/q8CXXy02ga
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Omg have you looked at the military, existing financial system, and porn? Let’s play electricity police and weigh in on the moral subjectivity of all energy consumption starting with an audit of yours!
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Yes it is. Educate yourself
https://www.danheld.com/blog/2019/1/5/pow-is-efficent … -
this graph is a stupid argument. bitcoin isn't capable of replacing 'government' or 'the banking system' it is just one component and if you scale it up even horizontally its energy usage will multiply, outscaling your comparisons. per transaction it's not even close.pic.twitter.com/BA2U4uZhKI
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