Hugo Nguyen Retweeted tmornini [ ⚡️+ eltoo]
Bitcoin price (cause) drives hash power (effect), never the other way around. Market cap (cause) drives PoW electricity cost (effect). Many people got these backwards, and conclude that PoW energy cost is "wasteful".https://twitter.com/tmornini/status/932267057659371520 …
Hugo Nguyen added,
tmornini [ ⚡️+ eltoo] @tmornini
Replying to @crainbf
Which is a curve sub-linear to transaction volume.
Given your logic, we shouldn’t heat our homes because it’s an enormous waste of energy.
Clean power is everywhere and is becoming economically dominant.
Think long term: plenty of clean, green power.
12:35 AM - 26 Nov 2017
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