Yeh except bitcoin can't function without the power drainage of a small country. It's also horrific in charges per transaction. You can't use it as money so it's now being sold as digital gold.
It could have been good but needing terawatts of power to even use it now is such a fuck up it's unreal.
If you can't use it as money you are just hoping the ponzi scheme doesn't crater before you rip someome else off.
BtC is but one example, and I agree, its more of a commodity. Were still in the baby stages of crypto. ETH and BNB and the defi projects being built off of those are the next step, but the biggest players probably aren't even in the game yet.
The power usage reported by the media is overblown and all sourced from the same study.
The gpu farms say you're wrong.
You can just multiply the hash rate with the most efficient card out there and that has to be the bare bones minimum, but realistically it's worse than that.
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