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.
BTC is the second most traded by volume and comprises 60% of the market. Monero is pow. Doge is pow. As I said to the other dude, you cannot gloss over this problem. It’s massive.
No I am not. The most popular crypto by a massive margin is consuming the vast majority of the power of all the crypto space. Until that’s resolved we cannot ethically even consider using this shit.
Wait but that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
If the vast majority of cryptocurrencies are still power hungry and the most commonly used cryptocurrency is power hungry then the fact that some of the others are better doesn’t really help.
that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.
the vast majority of cryptocurrencies are still power hungry
False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).
Your analogy was already sloppy to begin with, I’m not sure I’m really going to buy into your applying it or saying it doesn’t apply only when it suits your argument
Not even remotely the same thing, But if you’re going to go down this path, notice how the transition to renewables has been blocked by…dependence on ICE/fossil fuels (more akin to PoW if we’re going to do this weird parallel) and by forces that profit off them.
Perhaps you’re more right than either of us realize, but unfortunately it doesn’t reinforce your point.
Bitcoin maxis who dismiss all other blockchains as Alts are very much like climate deniers. They illogically block improvements and efficiencies in the Bitcoin protocol (e.g. block size increases).
However if enery usage is your main criticism then attacking PoS is like campaigning against wind or solar. We want PoS to completely replace PoW.
BTC is the second most traded by volume and comprises 60% of the market. Monero is pow. Doge is pow. As I said to the other dude, you cannot gloss over this problem. It’s massive.
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 had moved on even if the fanboys haven’t.
No I am not. The most popular crypto by a massive margin is consuming the vast majority of the power of all the crypto space. Until that’s resolved we cannot ethically even consider using this shit.
And again, look at the trading volume.
That’s as irrational as saying no-one can use EVs until we get rid of all ICE vehicles.
Wait but that’s like saying that as long as the world has at least one electric car the internal combustion engine can continue to exist without issue.
If the vast majority of cryptocurrencies are still power hungry and the most commonly used cryptocurrency is power hungry then the fact that some of the others are better doesn’t really help.
No. PoS (EV makers) are not supporting the existence of PoW (ICE vehicles). In fact, one builder made a deliberate planned move from PoW to PoS. All new builders are PoS.
False. Remove Bitcoin (>100TWh) and the only PoW coin in the top 10 is DOGE (~4TWh).
Oh great so if you remove bitcoin your argument works, trouble is, bitcoin exists
The only way to remove bitcoin is through redundancy.
Support it’s successor technologies that improve on the design in every single dimension (including energy efficiency).
No but they’re supporting the existence of personal cars which are a blight at this point.
We don’t need more cars. We need more public transit. We don’t need crypto.
The analogy doesn’t stretch to allowing fiat to be compared to public transport.
A medium that is decimated when Trump shouts “Tariff” is not a gold standard.
Fiat is only the gold standard when it is backed by actual gold.
Your analogy was already sloppy to begin with, I’m not sure I’m really going to buy into your applying it or saying it doesn’t apply only when it suits your argument
Not even remotely the same thing, But if you’re going to go down this path, notice how the transition to renewables has been blocked by…dependence on ICE/fossil fuels (more akin to PoW if we’re going to do this weird parallel) and by forces that profit off them.
Perhaps you’re more right than either of us realize, but unfortunately it doesn’t reinforce your point.
Your dislike of PoW is totally understandable.
Bitcoin maxis who dismiss all other blockchains as Alts are very much like climate deniers. They illogically block improvements and efficiencies in the Bitcoin protocol (e.g. block size increases).
However if enery usage is your main criticism then attacking PoS is like campaigning against wind or solar. We want PoS to completely replace PoW.