[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 96 KB, 336x313, disgust 3.png [View same] [iqdb] [saucenao] [google]
14327801 No.14327801 [Reply] [Original]

>bitcoin, which needlessly wastes stupid amounts of energy. Will be adopted as the worlds main store of value. Even though the world on the verge of environmental catastrophe.

Yikes

I'll be find with my gold and silver thanks.... lol

>> No.14327816

>>14327801
Yeah cause future environmental catastrophe sure has stopped us before

>> No.14327834

>banks don't use energy
>building banks themselves doesn't use energy

>> No.14327894
File: 97 KB, 471x427, disgust 2.png [View same] [iqdb] [saucenao] [google]
14327894

>>14327834

>> No.14328124

>>14327801
>gold and silver mining don't pollute a shitton

okay fren

>> No.14328145
File: 53 KB, 1024x683, 1559841339680.jpg [View same] [iqdb] [saucenao] [google]
14328145

>>14327801
>needlessly
Someone doesn't understand the problem solved by PoW on a fundamental level.

>> No.14328159

>>14327801

created by a private individual or association of individuals

>> No.14328164

>>14327834
But aren't some of those Banks?

>> No.14328171
File: 94 KB, 500x701, IMG_20190621_164735.jpg [View same] [iqdb] [saucenao] [google]
14328171

>>14327801

>> No.14328230

>he thinks the energy expenditure isn't worth it to provide unseizable and unstoppable store of value for the people that isn't owned by a central government or corporation
>he doesn't care how much energy big data centers for Google and Amazon waste even though their entire business model is to violate your privacy and sell you shit

>> No.14328291

>>14328230

the energy expenditure is worth it but the technology exists to provide the same thing without the energy expenditure so why not do that

>> No.14328473

>>14327801
NANO ftw

>> No.14328501

>>14327801
They'll adopt the tech behind it, but it won't require brute forcing an algorithm to mine it, states will regulate it like normal currency

>> No.14328511

>>14327801
found the woman, no one here cares for the environment.
B U S I N E S S & F I N A N C E

>> No.14328519

>>14328164
Yes. That's B E A E N E K E S. No E

>> No.14328566

>>14327801
Bitcoin uses less energy than the banking industry.

>> No.14328585

>>14327801

>needlessly

brainlet

>> No.14328606

>>14327801
>Even though the world on the verge of environmental catastrophe.
If you believe that then you were born to labor for others.

>> No.14329161

>>14327801
how much energy do banks waste? There's millions of bank employees. How much of the world's poverty is caused by the banks printing money and enriching a few individuals?

More transactions doesn't require more hash power. 100x or 1000x the amount of transactions wouldn't require significantly more power.

Though current tech and hardware couldn't scale to all the world's transactions, there's a high probability that it could someday.

Also 32mb blocks could already scale to paypal level and be easily doable on current hardware.