1| It seems to me that high energy cost of mining $btc is a feature of the technology in the short-run, that will be overcome in the mid-long run as ASIC efficiency improves and the economic incentives shift more to independent decentralized mining.
2| High energy cost of mining is currently a feature for a few reasons.
1. Gives $btc a foothold in the tangible “real world”
2. Provides incentive for institutions/gov’s who own “real world” energy to become involved in mining
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3| Both of these reasons will accelerate the transition into the
$btc economy from the old economy. I do not see high energy cost of mining to be a problem within the technology, it is a feature of the technology. A beautiful one.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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