Was reading this because it's notable how people don't tend to reflect on large amount of energy used in gold production, apparently over a thousandth of total global energy usage (in all forms not just electricity) the energy cost of bitcoin is....https://srsroccoreport.com/bitcoin-vs-gold-which-ones-a-bubble-how-much-energy-do-they-really-consume/ …
-
-
The relevance being that if a cryptocurrency is a simulation of gold then we shouldn't be surprised a successful model has a high production cost like gold has, the comparison for bitcoin, twice as much energy suggests it isn't particularly well designed but ig does lack....
Show this thread -
the other labour costs etc involved in gold production.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.