ICYMI @stratechery: The Cost of Bitcoin
http://stratechery.com/2014/cost-bitcoin/ …
Bitcoin is a breakthrough, but it's anything but free.
@UNameUNameUName I think it's a prisoner's dilemma. Also need to look at Bitcoin demand in context of whole system, not just mining
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@monkbent like as the value of bitcoin increases the amount of energy the currency as a whole absorbs increases? -
@UNameUNameUName yes, roughly speaking.
End of conversation
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