Bitcoin consumes 4,000,000,000 W of power to process four transactions per second. A single Raspberry Pi with a database can do an order of magnitude more on 5W. Think about that next time you wonder if it's a good design.
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I don’t understand. What is “production”? Are you saying you think everyone adopting Bitcoin is wrong, and you are right, because of the low transaction speed? Or because of the energy consumption? Both?
"Production" is the real world, at scale. Nobody is adopting Bitcoin for what is literally the first sentence of the abstract of the paper that introduced it, today. Its design was never capable of achieving what it set out to achieve, at scale.
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If the authors of Bitcoin didn't know this would happen, they were idiots. More likely, they did know, but never expected it to actually become as big as it has, today - it was probably intended to be a prototype for something better.
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It is impossible to use the Bitcoin design as a functional version of electronic cash that works beyond a small-scale experiment. Thus we are forced to conclude that it was never intended to be more than an experiment. Or the original authors were idiots.pic.twitter.com/SpHfVJ5tlO
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