ICYMI @stratechery: The Cost of Bitcoin
http://stratechery.com/2014/cost-bitcoin/ …
Bitcoin is a breakthrough, but it's anything but free.
@oliverbruce not if everyone has an ASIC. The difficulty increases at the same rate as the efficiency
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@monkbent sure. reread the article - get what you're saying - can see a dystopian future where 1000MW coal plants exist solely to mine BTC.Thanks. Twitter will use this to make your timeline better. UndoUndo
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