Proof-of-work is an abomination. Totally irresponsible.https://twitter.com/bascule/status/1234493080583143424 …
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Absolute nonsense. Nearly 80% of Bitcoin mining uses renewable energy most of which would otherwise be wasted, and (using Merkle trees) a single Bitcoin transaction can represent millions of transactions and secure $Trillions in value.
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Bitcoin also replaces extremely inefficient processes such as mining and transporting gold, armored trucks, building vaults, and employing millions of people.
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In the past 24 hours Bitcoin moved $40,788,682,218 and processed 353,179 on-chain transactions. More than 30% of those transactions were batched or meta transactions representing more transactions off-chain.
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This is distraction via innumeracy. Stop.
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And you're incorrect. What gold mining does a central bank put/sell order require? A SWIFT order? Any of the *fantastically* more efficient internal, near-instant bank-to-bank transfers that are de regiur outside the f'd up US regulatory environment?
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