Take a look into Ethereum's planned Proof of Stake (POS) which aims to replace the old Proof of Work, will reduce energy consumption by many orders of magnitude!
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Bitcoin is inferior to Ethereum, Ethereum will drive bitcoins out of the market.
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Its easier to fool people than to show them that they have been fooled.
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Or about ETFs and futures trading which are going to kill Bitcoin. Good Luck Stef
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Tu quoque reasoning. The fact that governments are wasting trillions of dollars has nothing to do with whether energy consumption is a long-term problem for crypto-currencies. I want those currencies to work, which means facing and solving associated problems.
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won't bitcoins stop being generated eventually anyway?
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It isn’t a matter of "moaning", Stefan. The real issue with Bitcoin using so much power and expensive hardware is that mining is no longer accessible to people who don’t have lots of money to start with.
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There is no problem that mining is not available to poor people. Poor people can use it, that is what important. Also poor people can run a node at home.
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I dispute that it "isn’t a problem". When poor people are not allowed to create value (in whatever form), yes, there is a problem. It’s called "barrier to entry". A classic economic problem.
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It's not a barrier of entry. Cellphone and knowledge of basic security practices are barriers of entry. BTC is a currency after all - ppl will be working for it and spending what they earned.
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What about gold, can average person have a gold mine? No. But anybody can buy a small gold coin.
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MINING, for the third time. Not everybody can own a gold mine, either.
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I agree about mining. You are correct. 99% of ppl can't do it. Even middle class cannot do it. So what they won't be out of the economy. It's not a problem after all.
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Yes, it is still a problem. I didn’t say they were locked out of bitcoin. But they are completely excluded from the current boom which miners can exploit.
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Beauty of
#Bitcoin is it can never be mined
a la fiat currency whose value

. Max Bitcoin circulated=21 Million, so it's finite and precious. Eventually having a tete-a-tete w/Moore's and Metcalfe's Laws May need to scale beyond 8 decimal placesThanks. Twitter will use this to make your timeline better. UndoUndo
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Similar to how Dems lament the US Debt…after their hero BO quiintupled it after 8yrs http://www.usdebtclock.org/
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Much of the Russian and Chinese mining is done with cheap hydroelectric at remote dams built mainly for future growth. The miners spotted a good cheap source going unused otherwise. (Not that I think the dams were a good idea. They were there anyway from the miners' perspective.)
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