Comment on Is cryptocurrency good for anything?
Ek-Hou-Van-Braai@piefed.social 2 weeks agoBitcoin wastes so much energy, I think all normal payment systems combined use less energy than it.
Comment on Is cryptocurrency good for anything?
Ek-Hou-Van-Braai@piefed.social 2 weeks agoBitcoin wastes so much energy, I think all normal payment systems combined use less energy than it.
JennyLaFae@lemmy.blahaj.zone 2 weeks ago
Bitcoin wastes so much energy because it’s proof of work based which to my understanding is basically a bunch of computers churning out answers competing to be “first and correct” in order to print coins.
I like the idea of decentralized currency but the current execution of cryptocurrency leaves much to be desired.
p4rzivalrp2@piefed.social 1 week ago
The current execution of *bitcoin*, there’s plenty of non pow cryptocurrencies
JennyLaFae@lemmy.blahaj.zone 1 week ago
I stand by my statement. I am aware of non pow crypto.
p4rzivalrp2@piefed.social 1 week ago
Sorry, I was typing fast, I agree that the current inplementations are not good enough, but I do think that a cryptocurrency could easily be better than any current fiat