Comment on The new Flappy Bird game has a hidden secret: crypto

<- View Parent
Kecessa@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

From the get go, you’re wrong

coindesk.com/…/bitcoin-mining-difficulty-everythi…

The more people mine, the more decentralized it is, the more energy is necessary because difficulty is increased. The more transactions happen, the more blocks are required, the more energy needs to be spent to confirm all the transactions. The more it’s used, the higher the value, the more people mine.

There’s a limit to the number of transactions per block as well, so no, your can’t just say “1 or 1000 it’s the same”.

Visa is already able to handle 24000 transactions per second as is, no need for more infrastructure.

Crypto uses 1% of the world’s energy production for a couple trillions in assets, the financial system uses 2.5% for quadrillions in assets, multiple thousands more than crypto, no, crypto can’t scale to that without a huge environmental impact.

Yes you are trying to greenwash crypto, just stop.

source
Sort:hotnewtop