I'm still questioning the real benefit compared to the downsides of it.
Ordering food online vs. Terrawatts of energy wasted, Asics hardware and GPU prices and the created co2 of all of that.
Mmhhh difficult very difficult
Ordering food online vs. Terrawatts of energy wasted, Asics hardware and GPU prices and the created co2 of all of that.
Mmhhh difficult very difficult
Lol, compare and contrast apples to apples first and you'll see the cost in energy is negligible.
Also what do when POS drops and ruins your current strawman argument.
There was zero other way to pay for it, people were literally walking over to Columbia to get money they could use.
Anyway I can see your a bad faith actor, GLHF!
Don't get me wrong I am sure bitcoin is worse in terms of power usage, but not every crypto is automatically worse than what we have right now.
It's easy to make it renewable with benefits to us. The solar panel on a bank building is giving energy to people.
And I'm not saying that the current banking system is perfect (it actually optimizes itself quite well) but it has much more features while Bitcoin/crypto doesn't have real solutions for huge issues.
Fraud, scams, money laundry, investment tools, sepa, bank account recovery, global market regulations, sanctions Support etc.
And it does all of that with billions and billions of assets.
While Bitcoin consumes energy.
In an utopian society we don't need banks and no PoW crypto but that's not what is critical now.
Besides aluminum smelter, due to high energy costs there are other critical industry affected as well: paper making and glass making. Bottles for example.