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.
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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 mining1 reply 0 retweets 0 likesShow this thread
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.
12:15 PM - 22 Jul 2018
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