Dang. According to this logic, if Bitcoin became VISA scale it'd use enough energy to power 1.5 billion people, or ~20% of the planet. Wtf
Dang. And VISA still handles three orders of magnitude more transactions per day. Talk about being unsustainable… https://digiconomist.net/bitcoin-energy-consumption …pic.twitter.com/gSkLdzWNNj
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Thing about it is: this is by design. Bitcoin was designed to be inefficient. That's what mining is about. Jeeeeeezus.
End of conversation
New conversation -
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Yeah, exactly this -, it's not unsolvable problem, I'm sure. The problem needs to be acknowledged and then acted upon accordingly
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I wouldn't be worried about 3 orders of magnitude, except for the fact that there doesn't seem to be the possibility for advance.
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This is one of my biggest issues with crypto currencies and will be until energy is truly free (not talking about money).
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