What about bitcoin is holding them back?

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Feb 25, 2020
3:41:25pm

Defenestrator All-American

What about bitcoin is holding them back?

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Defenestrator

Bio page: Defenestrator
Joined: Dec 2, 2008
Last login: Apr 27, 2024
Total posts: 9,109 (2,281 FO)

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Messages

Author

Time

Forbes: "If Bitcoin was a country, it would be the 41st most-energy-demanding

CougarTailDevourer

2/25/20 3:24pm

That’s insane. I also have no idea how that works.

2/25/20 3:25pm

I assume it's the energy used by powerful computers that are mining bitcoin.

CougarTailDevourer

2/25/20 3:26pm

Pretty sure they are Hunter Killers actually digging up mines

TNT

2/25/20 3:28pm

This. Many blockchains are moving away from this "proof of work" model.

ebv

2/25/20 3:31pm

Bitcoin needs to die so real benefits can come from blockchain technology.

fbguru

2/25/20 3:35pm

What about bitcoin is holding them back?

2/25/20 3:41pm

Bitcoin is anything but energy efficient, and I don't think the real benefits

fbguru

2/25/20 3:53pm

Looking at who I was responding to, I'm guessing you don't want to defend

fbguru

2/25/20 3:59pm

I agree that bitcoin sucks and is a huge waste. What I don't understand is why

2/25/20 4:05pm

I still have no idea what bitcoin or blockchaining is. Zero idea

SlantRoute

2/25/20 3:51pm

I just imagine thousands of computers working hard doing something but using a ton of energy.

2/25/20 3:52pm

They are basically solving extremely complex math problems.

CougarTailDevourer

2/25/20 3:54pm

So Bitcoin is the internet. Got it.

SlantRoute

2/25/20 3:54pm

I still don’t get it.. the mining? The energy?

cougfanz

2/25/20 3:40pm

I’m in the same boat. Which automatically makes me hate it more.

SlantRoute

2/25/20 3:51pm

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