I have a bad feeling about bitcoin:https://en.wikipedia.org/wiki/Alongside_Night …
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Eeek, 20% per month means 9x energy consumption in ONE YEAR! That is a runaway exponential growth that simply will blow things up!
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so will bitcoin price collapse before it brings an energy apocalypse? Or vice versa.
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That's a problem for Bitcoin but I'd suggest that this doesn't apply to all cryptocurrency or even blockchain more broadly. I think that many people think BTC is how all cryptocurrency works but consensus algorithms can vary and so can energy consumption.
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It'd be interesting to see studies that measure & compare energy consumption amongst various chains.
End of conversation
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Libertarian tears.
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