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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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.
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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