Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
If bitcoin didn’t use 40 terawatts to mine and was more reasonable in its electricity demand then I don’t think that many people would care about it. It still wouldn’t make it useful but at least it wouldn’t be actively damaging the environment.
We might even be able to find a use for it at that point. But as it stands now the energy requirements essentially make the technology not worth it given the very minor benefits.
I hate that argument because it’s already been disproven. People use guns to kill people, often in heated situations.
If everyone wasn’t wandering around with guns in their pockets all of the time then they wouldn’t be the opportunity to shoot someone. Things would massively improve if the law was simply adjusted to not allow people to carry guns in public and they’re only allowed to keep them in their house and other authorised locations such as gun rangers and designated hunting locations. The gun nuts will still be able to play with their toys, but the murder rate would drop.
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Guns don’t kill people, people kill people excuse.
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If bitcoin didn’t use 40 terawatts to mine and was more reasonable in its electricity demand then I don’t think that many people would care about it. It still wouldn’t make it useful but at least it wouldn’t be actively damaging the environment.
We might even be able to find a use for it at that point. But as it stands now the energy requirements essentially make the technology not worth it given the very minor benefits.
There are versions of cryptocurrencies that don’t use massive amounts of energy.
Pick anything launched from Ethereum onwards.
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You are glossing over 40% of a $3T market.
I’m not going to defend PoW (doge and monero are both pre Eth) but blockchain technology has moved on even if the fanboys haven’t.
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That’s as irrational as saying no-one can use EVs until we get rid of all ICE vehicles.
And nobody uses those, so that argument is mute.
False.
80% of transactions occur on solana and BNB. Only 1% of crypto transactions are on Bitcoin, which is in 9th place.
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This is an argument for renewables, not fot shitcanning POW.
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I hate that argument because it’s already been disproven. People use guns to kill people, often in heated situations.
If everyone wasn’t wandering around with guns in their pockets all of the time then they wouldn’t be the opportunity to shoot someone. Things would massively improve if the law was simply adjusted to not allow people to carry guns in public and they’re only allowed to keep them in their house and other authorised locations such as gun rangers and designated hunting locations. The gun nuts will still be able to play with their toys, but the murder rate would drop.