News about Energy Use

More / Bitcoin Reddit - 2 years ago

Anyone arguing about Bitcoin's energy consumption understands neither Bitcoin nor energy. Bitcoin's energy use is a function of its value. The network algorithmically resolves the exact amount of energy (work) required to secure that value at any given ti

Satoshi's PoW timechain is a timeless marvelWhat's the fundamental problem with fiat money Satoshi, and cypherpunks at large, sought to fix? Trust. For two reasons specifically,1- Centralized, focused issuance and control of money supply and monetary...