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.
Show this thread
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
Yes, they're are layers, but they aren't a patch for scalability. They each serve a specific function. We add new layers to add features and reach the complete product, not to fix scalability problems in the underlying layers.
And of course increasing the block size doesn't work either. You need a new protocol with a fundamentally scalable design.
-
-
This Tweet is unavailable.
-
Indeed. My argument is merely that the core Bitcoin protocol (and network) are too broken to be worth building upon. The real solution is a completely new design.
End of conversation
-
-
-
This Tweet is unavailable.
-
The "whatever it takes" mentality is what got us here. There's a limit to "whatever it takes". The current status quo is a horrendous waste of electricity. It is *not* worth it. It might be useful as a short term experiment but it is not sustainable.
End of conversation
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.