Levine: It's possible you need to have decades of scammy markets in order to build the infrastructure for a functioning market, which you then regulate.
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Russo: Bitcoin might be worth it. It still uses less energy than gold mining. And it uses electricity in places where electricity is cheap. Cowen: Bitcoin is relatively minor as far as energy usage goes, but it's a real problem. Levine: Lighting network and proof-of-stake.
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Ou: Bitcoin energy usage is like war - a necessary use of energy to maintain competitive position. Feldman: But war is bad.
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And that's a wrap! Tomorrow we'll have two more panels: One on the economics of A.I., which I will be on, and one on regulation of big tech, which I will live-tweet! See you tomorrow!
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Ooh, ooh, proof of stake!
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Good question sir
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What will save us? Ppl returning to sanity, hopefully, and adjusting the valuation to a point where energy consumption becomes trivial.
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It’s called XRP. Negligible resource use, high tx throughput, increasing decentralised. XRP is crypto for grown ups.
@Ripple have made more progress than any BTC groups of devs or businesses. Fact!Thanks. Twitter will use this to make your timeline better. UndoUndo
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Answer: Buzzword decay.
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Responsible fiscal + economic + environmental policy. And that’s about it.
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the blockchain?
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skynet
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