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To be clear here: twitter.com/SquawkCNBC/sta 1) There are lots of advantages to PoW. Its security is less reliant on historical ordering than PoS, it's in some cases harder to quickly buy scale to attack, harder to hedge attacks, etc.

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Squawk Box

@SquawkCNBC

Jul 27, 2021

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"It's the responsible thing to do to mitigate to the extent you can," says @SBF_Alameda on @FTX_Official climate pledge. "There are only two major cryptocurrencies that have large energy usage. It's #bitcoin and #ethereum...proof of work is where all the energy usage comes from."

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SBF

@SBF_FTX

2) BTC (soon) being the only top 5 coin with PoW sets it apart, some senses in a good way, for the above reasons 3) The energy use is the security method of PoW, so you can't remove that and keep PoW. 4) That being said, it *does* use a lot of energy, and that does have a cost

2:28 PM · Jul 27, 2021Twitter Web App

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5) I'm not trying to make claims about whether that cost is worth it -- just that it's a fact that most of the impact comes from it 6) You could use e.g. L2s, lightning, etc. to make tx's cheaper, both in money and in energy 7) Either way, it's relevant for calculating impact

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it's why it's the top coin. but have a look a SAITO, its changing the proof of work and proof of stake requirements for economic betterment.

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But why is it bad that it uses a lot of energy? Counting the number of kWh something uses, by itself, is not an argument for or against anything. You have to measure that number against the benefit it provides to civilization. Air conditioning uses a lot of energy. Is that bad?

IndiDoge Litecoin | NKMAG.com

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#Litecoin has been running for almost 10 years with 100% uptime

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Need perspective Mr. Sam. Compare apples to apples with it's equivalents

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Just because a civic is expensive doesn't mean it's the most expensive 😘🏌️

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"it does use a lot of energy" compared to what though any number can be dwarfed or overscaled by comparison

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Yea but that cost is less than the alternative, very unfair to not bring up those alternatives and make comparison. Flying in an airplane also has costs but compared to what? You must add context.

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Come on Sam. This is ridiculous.