Comment on This scammer pretending to be Greenpeace
hitwright@lemmy.world 5 weeks agoforbes.com/…/bitcoins-energy-usage-explained/
I mean by somewhat more up to date news it seems like he is correct. Bitcoin is wildly inefficient and basically non scaling.
PlantDadManGuy@lemmy.world 5 weeks ago
He is wildly incorrect because he phrased it in an intentionally deceitful manner. It does not require 700 kilowatt hours of energy to transfer one Bitcoin one time. The verbiage quote “single transaction”, is the entire problem with OPs post.
hitwright@lemmy.world 5 weeks ago
I understand lightning network exists to somewhat reduce intermediate transactions. But the actual transaction to be written into the blockchain a lot of energy must be used to calculate the hash. Still difficult to follow you on how the number is wrong, mate.