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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Bingo! 20+ years will do that with innovative technology. Now imagine what bitcoin will be like in another 12 
You seem to forget that the world's first email server didn't require a billion watts to run. No, email hasn't gotten a million times more efficient since it was invented. It wasn't a crap design to begin with. It scaled up. In fact it scales up linearly with message volume.
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Email, TC/IP, and #bitcoin
are all protocols. Technology underpinning email (both hardware & software) has far exceeded linear growth, queue: Sarnoff, More, and Metcalfe laws. To imbue a protocol with a currency is an interesting experiment. Why not watch and learn? -
Technology exceeding linear growth is what has allowed progress to happen at a breathtaking pace. This works because that superlinear growth isn't being consumed by built in inefficiency in a bad design.
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