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.
Over 60% of the crypto market uses PoW. You cannot gloss over this problem. Yes that’s not the same as activity but this is a massively wasteful technology. And let’s not pretend Solana, ETH, etc and other PoS systems are exactly light on power consumption. They’re just a lot better.
The scaling issue also goes well beyond PoW. More adoption = less efficiency.
Dude BTC, doge, Monero, all of these use PoW. This is a problem. Monero is one of the poster children cryptos - if not the single biggest one - for daily driver currency potential.
PoW is a problem. You will not convince me otherwise. Vaguely gesticulating to “there are other cryptos“ does not change that fact. The amount of computing power used on BTC right now is insane. The difficulty level is insane and wasteful. It is inefficient by design. It is designed to demand more resources the more computational power is thrown at it. Adoption is bad. How do you not see how this is an issue? The entire incentive structure is inverted.
What a weasel comment. I’m out dude. Keep participating in this farce. I hope you recognize how insane this all is before you either lose your shirt and/or this planet is roasting.
Sure in the case of bitcoin you are correct, but Solana has the most activity amongst ANY chain and Ethereum is huge too…
Over 60% of the crypto market uses PoW. You cannot gloss over this problem. Yes that’s not the same as activity but this is a massively wasteful technology. And let’s not pretend Solana, ETH, etc and other PoS systems are exactly light on power consumption. They’re just a lot better.
The scaling issue also goes well beyond PoW. More adoption = less efficiency.
over 60% of the crypto market is BTC… most of the leading chains are not proof of work
Dude BTC, doge, Monero, all of these use PoW. This is a problem. Monero is one of the poster children cryptos - if not the single biggest one - for daily driver currency potential.
PoW is a problem. You will not convince me otherwise. Vaguely gesticulating to “there are other cryptos“ does not change that fact. The amount of computing power used on BTC right now is insane. The difficulty level is insane and wasteful. It is inefficient by design. It is designed to demand more resources the more computational power is thrown at it. Adoption is bad. How do you not see how this is an issue? The entire incentive structure is inverted.
I didn’t say it wasn’t an issue. Stop putting words in peoples mouths. I don’t conversate with folks that do that shit.
What a weasel comment. I’m out dude. Keep participating in this farce. I hope you recognize how insane this all is before you either lose your shirt and/or this planet is roasting.
Says the guy trying to speak for others.