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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"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.
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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What would you say to the people who are heavily into BTC and aren't treating it as a functional version of electronic cash but rather electronic gold, based on supply scarcity and the absurd energy cost required to generate the coins?
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I’d agree that it’s unlikely the authors of Bitcoin realized how popular it would become, but i still think your initial point with the raspberry pi is foolish for many many reasons.
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If you’re confused about why the world looks the way it looks, the world isn’t wrong. YOU are wrong. The course of the world, by definition, cannot be wrong.
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@marcan42 If this is your understanding of btc, then I highly suggest that you educate yourself on lightning network. which is will introduce millions of instant transactions per second, with zero fees and increased anonymity very very shortly to bitcoin.Thanks. Twitter will use this to make your timeline better. UndoUndo
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